SAIL net grows 124%
Steel Authority of India (SAIL) reported a 124.2% growth in net profit to Rs 1471.2 crore in the third quarter (October-December) of current fiscal over the corresponding period of the previous fiscal.
By TNN |
NEW DELHI: Steel Authority of India (SAIL) reported a 124.2% growth in net profit to Rs 1471.2 crore in the third quarter (October-December) of current fiscal over the corresponding period of the previous fiscal.
The Q3 performance helped the company achieve its highest-ever net profit for the nine-month period (April-December) at Rs 4,300.41 crore, registering a 47.8% growth as compared with the previous fiscal.
During the third-quarter, SAIL reported a turnover of Rs 9,657 crore, a growth of 29%, over the corresponding period of the previous fiscal.
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