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HindustanTimes Thu,23 Oct 2014

SAIL Q1 net profit rises 18% to Rs. 530 crore

PTI  New Delhi, August 11, 2014
First Published: 17:10 IST(11/8/2014) | Last Updated: 17:13 IST(11/8/2014)

Steel Authority of India on Monday reported 18% increase in net profit for the April-June quarter at Rs. 530 crore on higher sales and realisation.

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The state-run steel maker had clocked Rs. 451 crore net profit in the same quarter in the year-ago period, it said in a statement.

The turnover of the company rose to Rs. 12,515 crore, registering a growth of 10% as compared to year-ago period, it added.

"Net sales realisation of the company rose to Rs. 36,858 per tonne from Rs. 35,777 a tonne," SAIL chairman CS Verma said.

SAIL sold 2.76 million tonnes (MT) of steel during the quarter, against 2.62 MT during the same period last year.


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