SAIL Declares H1 And Q2 Results For Financial Year 2022-23

The Steel PSU Posts net profit for H1 FY23

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:

UnitH1 FY 23H1 FY 22
Crude Steel ProductionMillion Tonne8.638.24
Sales VolumeMillion Tonne7.367.61
Revenue from OperationsRs. Crore5027547469
Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA)Rs. Crore378013921
Profit Before Tax (PBT)Rs. Crore52310898
Profit After Tax (PAT)Rs. Crore3918154

Performance of Q2 FY 23 (Standalone) at a glance:

UnitQ2 FY 23Q2 FY 22
Crude Steel ProductionMillion Tonne4.304.47
Sales VolumeMillion Tonne4.214.28
Revenue from OperationsRs. Crore2624626827
Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA)Rs. Crore11747248
Profit Before Tax (PBT)Rs. Crore(-) 5165753
Profit After Tax (PAT)Rs. Crore(-) 3864304

The margins have been impacted by prices of imported coal and slowing down of demand of steel across economics. However, the on-going sustained infra push gives signs of better times ahead for the Indian steel market.

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