SAIL Q4 Outcomes: SAIL's net profit increased 31 per cent to Rs 3,470 crore in March quarterSteel Authority of India (SAIL) announced its January-March quarter results for the financial year 2020-21 on Friday, June 11, reporting a jump of 31 percent in net profit to Rs 3,470 crore on a combined basis.
According to a regulatory filing by the company to the stock market, SAIL's net earnings stood at Rs 2,647.52 crore in the corresponding quarter of the previous fiscal year.
The business's total income grew to Rs 23,533.19 crore in the March quarter of financial 2021.
According to the declaration, the overall earnings stood at Rs 16,574.71 crore in the matching quarter of the previous financial.
The overall costs were Rs 18,829.26 crore, compared to Rs 11,682.12 crore in the year-ago duration.
The business is running at a normal capacity following the gradual normalisation of financial activities.The business's board of directors declared a last dividend at Rs.
1.80 per equity share of Rs.
10 each - 18 percent of the paid-up equity share capital of the business, stated SAIL in its filing to the BSE.
SAIL produced 4.56 million tonnes throughout the fourth quarter of financial 2020-21, up six percent over the year-ago duration.
The sales jumped 11 percent to 4.42 million tonnes.On Friday, June 11, shares of SAIL settled 5.06 per cent higher at Rs 135.05 each on the BSE.
SAIL opened on the BSE at Rs 131.25, swinging to an intra day high of Rs 135.70 and an intra day low of Rs 129.45, throughout the session today.
Share price of SAIL rose more than 5 percent throughout the session today.