SAIL quarterly profit rises 17.5%
Source: IRIS | 11 Aug, 2014, 04.05PM
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Steel Authority Of India (SAIL) disclosed a steady growth in standalone net profit for the quarter ended June 2014. During the quarter, the profit of the company rose 17.51% to Rs 5,298.80 million from Rs 4,509.10 million in the same quarter last year. Net sales for the quarter rose 9.94% to Rs 115,369.80 million, compared with Rs 104,941 million for the prior year period.
| Quarterly Results - Standalone (Rs in mn) | | As at | Jun - 14 | Jun - 13 | %Change | | Net Sales | 115,369.80 | 104,940.80 | 9.94 | | Net Profit | 5,298.80 | 4,509.10 | 17.51 | | Basic EPS | NA | NA | | Shares of the company gained Rs 1.65, or 2.03%, to settle at Rs 83.00. The total volume of shares traded was 938,346 at the BSE (Monday).
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