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.”

Comments

 

Other News

Can the JD(S)-Congress combine give stable government in Karnataka?

Can the JD(S)-Congress combine give stable government in Karnataka?

Making palliative care child’s play

Sneha Sena is a unique attempt to integrate education and healthcare by bringing school children into the field of palliative care. In Kerala’s Alappuzha district, a government medical officer has decided to create an army of student volunteers to be part of the government’s pain

An African salient

To counter Beijing’s aggressive agenda in the Indian Ocean, New Delhi is seeking to create strategic bastions in Mauritius, Seychelles and Madagascar. The immediate provocation was China’s inauguration of its first overseas military base in Djibouti, in the Horn of Africa.

Look who’s talking ethics in Karnataka?

 Just after the UP assembly election in 1996, I was among the scores of reporters waiting at Kalyan Singh’s residence, waiting to get the first inkling of the future course of the BJP. The party had secured the maximum seats – 174 out of 425 seats – but was short of the majority mark

Company secretaries are gatekeepers of corporate governance: SEBI Chairman

“Company Secretaries, once known as secretaries to the board and management, have transformed themselves into key managerial and governance professionals. Today they are recognised for their importance on corporate landscape and have become gatekeepers of corporate governance,” said Ajay Tyagi,

Will there be light at the end of the tunnel?

Any good news which promises to bring about qualitative improvement in the lives of people, especially in rural India, is always welcome. It was heartening indeed to learn that every single village in the country now has access to electricity, as announced by the prime minister on April 29. This is most ce

Current Issue

Current Issue

Video

CM Nitish’s convoy attacked in Buxar

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter