SAIL posts profit with strong Q1 numbers; EBITDA per tonne sales goes Rs 8200 plus

Sarkaritel
By Sarkaritel August 3, 2018 20:30


New Delhi, August 03, 2018: Declaring the results for the Q1 FY 2018-19 (Q1 FY19), Steel Authority of India Ltd. (SAIL) posted a PAT of Rs540.43Crore.  SAIL’s turnover in Q1 FY19 rose by 22.42% over CPLYto Rs 15,743.21Crore. The EBITDA in Q1 FY19 was recorded at Rs 2685.46Crore which was Rs 22.71 Crore in CPLY, indicating anacceleration of the overall performance of the Company through concerted efforts of the entire collective.

SAIL is bringing comprehensive improvements in its entire operations which are backed by efforts for improving efficiencies and improved techno- economic parameters.In the first quarter of FY 19,Company’s saleable steel production was 3.61 Million Tonnes (MT) which rose 13% over CPLY. The Company’s sales volume at 3.271 MT in Q1 FY19 was also 8% higher over CPLY and the EBITDA per tonne of sales at Rs 8211 for Q1 FY19 reflects a robust functioning of all the processes. The Company recorded improvement in all the techno-economic parameters including Coke Rate by 3%, Blast Furnace productivity by 2% and Specific Energy Consumption by 3% over CPLY.

Sarkaritel
By Sarkaritel August 3, 2018 20:30