Latest News | SAIL Posts Rs 3,897-cr Net Profit for Jun Quarter

New Delhi, Aug 6 (PTI) Domestic steel major SAIL on Friday returned to the black, posting a consolidated net profit of Rs 3,897.36 crore for the June 2021 quarter.

The company had posted a Rs 1,226.47-crore net loss in the year-ago quarter, Steel Authority of India Ltd (SAIL) said in a BSE filing.

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Its net income during April-June 2021 more than doubled to Rs 20,754.75 crore, compared with Rs 9,346.21 crore in the year-ago period.

Total expenses stood at Rs 15,604.07 crore, against Rs 11,325.10 crore a year ago.

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SAIL, under the Ministry of Steel, is the country's largest steel-making company having an annual steel making capacity of about 21 million tonnes. HRS hrs

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)