News
SAIL declares FY23 H1, Q2 results
New Delhi, November 10, 2022: Steel Authority of India Limited (SAIL) posted its financial performance for the half year and second quarter of the current financial year 2022-23 (H1 FY 23& Q2 FY 23).
Performance of H1 FY 23 (Standalone) at a glance:
| Unit | H1 FY 23 | H1 FY 22 | |
| Crude Steel Production | Million Tonne | 8.63 | 8.24 |
| Sales Volume | Million Tonne | 7.36 | 7.61 |
| Revenue from Operations | Rs. Crore | 50275 | 47469 |
| Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) | Rs. Crore | 3780 | 13921 |
| Profit Before Tax (PBT) | Rs. Crore | 523 | 10898 |
| Profit After Tax (PAT) | Rs. Crore | 391 | 8154 |
Performance of Q2 FY 23 (Standalone) at a glance:
| Unit | Q2 FY 23 | Q2 FY 22 | |
| Crude Steel Production | Million Tonne | 4.30 | 4.47 |
| Sales Volume | Million Tonne | 4.21 | 4.28 |
| Revenue from Operations | Rs. Crore | 26246 | 26827 |
| Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) | Rs. Crore | 1174 | 7248 |
| Profit Before Tax (PBT) | Rs. Crore | (-) 516 | 5753 |
| Profit After Tax (PAT) | Rs. Crore | (-) 386 | 4304 |
A press release issued by the company says that, the margins have been impacted by prices of imported coal and slowing down of demand of steel across economics.
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