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

India faces critical shortage of skin donors amid rising burn cases

India reports nearly 70 lakh burn injury cases every year, resulting in approximately 1.4 lakh deaths annually. Experts estimate that up to 50% of these lives could be saved with adequate access to skin donations.   A significant concern is that around 70% of burn victims fall wi

Not just politics, let`s discuss policies too

Why public policy matters Most days, India`s loudest debates stop at the ballot box. We can name every major leader and recall every campaign slogan. Still, far fewer of us can explain why a widow`s pension is delayed or how a government school`s budget is actually approved. That

When algorithms decide and children die

The images have not left me, of dead and wounded children being carried in the arms of the medics and relatives to the ambulances and hospitals. On February 28, at the start of Operation Epic Fury, cruise missiles struck the Shajareh Tayyebeh school – officially named a girls’ school, in Minab,

The economics of representation: Why women in power matter

India’s democracy has grown in scale, but not quite in balance. Women today are active participants in elections, influencing outcomes in ways that were not as visible earlier. Yet their presence in legislative institutions continues to lag behind. The Nari Shakti Vandan Adhiniyam was meant to addres

India will be powerful, not aggressive: Bhaiyyaji

India is poised to emerge as a global power but will remain rooted in its civilisational ethos of non-aggression and harmony, former RSS General Secretary Suresh `Bhaiyyaji` Joshi has said.   He was speaking at the launch of “Rashtrabhav,” a book by Ravindra Sathe

AI: Code, Control, Conquer

India today stands at a critical juncture in the area of artificial intelligence. While the country is among the fastest adopters of AI in the world, it remains heavily reliant on technologies developed elsewhere. This paradox, experts warn, cannot persist if India seeks technological sovereignty.


Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter