Steel Authority of India Limited (SAIL) declared its results for the quarter and 9M ended December 2021 and has reported best-ever Q3 and 9M production of hot metal, saleable steel, and crude oil.
The consolidated total income for the nine months ended December 2021 was Rs73,160cr as against Rs46,441cr for the corresponding 9M period, up by 57.53% yoy. Earnings before depreciation, interest, and taxes (EBITDA) and before exceptional items for the nine months ended 31st December 2021 stood at Rs17,581cr as compared to Rs7267cr for the previous 9M period, up by 142% yoy.
The consolidated income for Q3 FY’22 was Rs25,398cr, reflecting a growth of 27% yoy as compared to Rs19,997cr in the previous corresponding quarter.
EBITDA for the quarter ended 31st December 2021 stood at Rs3,659cr recording a decline of 30.89% yoy, as compared to Rs5,294cr in the previous corresponding quarter.
Consolidated profit after tax for Q3 FY’22 was Rs1,443cr compared to Rs1,283cr in Q3 FY’21. Its Consolidated PAT for 9M ended December 2021 was reported at Rs9,597cr as against Rs406cr in the 9M period ended December 2020, reporting significant growth.
SAIL has delivered one of the best performances during the quarter under review. However, the same is not reflected under its financial performance due to factors not in the company’s control mainly including an unprecedented increase in prices of imported and indigenous cooking coal. The company expects its performance to improve substantially in the upcoming quarter.
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