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SAIL reports around 10-fold jump in Q2 consolidated net profit

30 Oct 2021 Evaluate

Steel Authority of India (SAIL) has reported results for second quarter ended September 30, 2021.

The company has reported around 11-fold jump in its net profit at Rs 4303.62 crore for the quarter under review as compared to Rs 393.32 crore for the same quarter in the previous year. Total income of the company increased by 58.04% at Rs 27057.53 crore for Q2FY22 as compared Rs 17121.22 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported around 10-fold jump in its net profit at Rs 4338.75 crore for the quarter under review as compared to Rs 436.52 crore for the same quarter in the previous year. Total income of the company increased by 57.96% at Rs 27007.02 crore for Q2FY22 as compared Rs 17097.57 crore for the corresponding quarter previous year.

Peers
Company Name CMP
JSW Steel 1230.00
Tata Steel 183.40
Steel Authority 173.15
Jindal Stainless 724.60
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