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SAIL reports 43% fall in Q4 net profit

Steel Authority of India (SAIL) has reported results for fourth quarter and year ended March 31, 2019.

The company has reported a fall of 42.57% in its net profit at Rs 468.40 crore for the quarter under review as compared to Rs 815.57 crore for the same quarter in the previous year. Total income of the company increased by 8.62% at Rs 18,752.36 crore for Q4FY19 as compared Rs 17,264.86 crore for the corresponding quarter previous year.

For the year ended March 31, 2019, the company has reported a net profit of Rs 2,178.82 crore as compared to net loss of Rs 481.71 crore for the previous year. Total income of the company increased by 13.55% at Rs 67,500.13 crore for year under review as compared to Rs 59,446.81 crore for year ended March 31, 2018.

For the year ended March 31, 2019, on the consolidated basis, the company has reported a net profit of Rs 2,348.71 crore as compared to net loss of Rs 281.40 crore for the previous year. Total income of the company increased by 13.62% at Rs 67,468.10 crore for year under review as compared to Rs 59,381.35 crore for year ended March 31, 2018.

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