SAIL net profit up 31 per cent in March quarter sail net profit up 31 per cent in march quarter

SAIL net profit up 31 per cent in March quarter sail net profit up 31 per cent in march quarter

New Delhi, Jun 11 (PTI) State-owned SAIL on Friday said its consolidated net profit rose 31 per cent to Rs 3,469.88 crore for the quarter ended March 31, 2021.

Steel Authority of India Limited (SAIL) told the stock exchange that the company had made a net profit of Rs 2,647.52 crore during the January-March quarter of the financial year 2019-20.

The company’s total income rose to Rs 23,533.19 crore during the quarter under review as against Rs 16,574.71 crore in the year-ago period. Its total expenditure during this period stood at Rs 18,829.26 crore as against Rs 11,682.12 crore a year ago.

SAIL said its net profit on a standalone basis increased from Rs 2,725.16 crore in the last quarter to Rs 3,443.80 crore in the last quarter.

The company told the stock exchange, “The outbreak of the Kovid-19 epidemic and its prevention measures disrupted economic activity, due to which the company’s operations were reduced.”

The company further said that it is operating at normal capacity after the gradual normalization of economic activities.

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