SAIL Results : Q2 Net Profit at Rs 1700 crore

Steel Authority of India Limited, has announced its Second Quarter Results and the company’s Q2 net profit increased to Rs 1700 crore when compared with Rs 1442 crore in the corresponding quarter previous year .

SAIL’s net sales stood at  Rs 9467 crore  and Income from other sources stood at Rs 304 crore.

According to Analyst’s estimates, the company was expected to post 32.7% growth in its net profit of Rs 1914.3 crore and net sales were seen going up 18% at Rs 10078.7 crore.

The results of SAIL were not in line with the expected numbers and the the stock closed at Rs 262.60 down 4.99% on the National Stock Exchange.
 

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