SAIL clocks Rs 82 crore profit before tax in Q3

SAIL targets higher sales volume coupled with more value added and enriched products

GN Bureau | February 13, 2018


#SAIL   #steel   #financial year   #SAIL profit  

Steel Authority of India Ltd (SAIL) has earned profit before tax (PBT) of Rs 82 crore in the third quarter of the current financial year (Q3 2018FY).

 
Maintaining strong and earnings before interest, taxes, depreciation and amortisation (EBITDA) positive performance for seven consecutive quarters, SAIL, in Q3 of the current fiscal also has posted EBITDA of Rs 1,571 crore, as against EBITDA of Rs 35 crore during same period in the last fiscal. 
 
SAIL is targeting higher sales volume coupled with more value added and enriched products.
 
SAIL chairman PK Singh said, “The entire SAIL workforce has been dedicatedly working towards improving its performance. The process of turnaround had already started where we continually registered improvement in SAIL’s EBITDA through various initiatives taken by management and internalised by SAIL collective. SAIL’s third quarter result of FY18 is an amalgamation of higher production, improving efficiencies, focused marketing, cost control initiatives, a massive two way company-wide communication exercise and most importantly a collective effort and active participation of our committed employees to get back to profits.”

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