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:
| 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 |
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.
