SAIL achieves 21% net sales revenue growth in Q2FY18 over CPLY

Sarkaritel
By Sarkaritel November 10, 2017 09:55

SAIL achieves 21% net sales revenue growth in Q2FY18 over CPLY


New Delhi, 10th November, 2017: Steel Authority of India Ltd. (SAIL) registered 21% growth in net sales revenue which stood at Rs. 13,442 Crore for the second quarter of FY17-18 (Q2FY18) as against Rs. 11,080 in CPLY. SAIL’s emphasis on increasing the share of high value products in its basket has begun to positively influence revenue earnings. SAIL recorded 4% growth in domestic sales in H1FY18 (Apr-Sept’17) with 21% improvement in sales of high value products like Cold Rolled and galvanized products. There has also been a sizeable 30% improvement in sales of railway products during H1 FY18.

Registering positive EBITDA for the sixth consecutive quarter, SAIL achieved EBITDA of Rs. 967 Crore before exceptional expenses in Q2FY18, recording a growth of more than 400% against an EBITDA of Rs. 192 Crore during CPLY, and posting a cash profit pre-depreciation and exceptional items of Rs. 323 Crore in Q2FY18. Notably, the EBITDA for Q2FY18 is higher than of the entire fiscal 16-17. SAIL’s EBITDA margin to net sales revenue ratio stands at 7.1% in Q2FY18 as against 1.7% in CPLY, indicating higher efficiencies across the production processes and value chain.

Sarkaritel
By Sarkaritel November 10, 2017 09:55