Sail reports consolidated net loss of Rs 286 crore in Q2
15th Nov 2019

Steel Authority of India (Sail) has reported results for second quarter ended September 30, 2019.

The company has reported a net loss of Rs 342.84 crore for the quarter under review against net profit of Rs 553.69 crore for the same quarter in the previous year. Total income of the company decreased by 15.13% at Rs 14,286.18 crore for Q2FY20 as compared Rs 16,832.37 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a net loss of Rs 285.92 crore for the quarter under review against net profit of Rs 609.76 crore for the same quarter in the previous year. Total income of the company decreased by 15.17% at Rs 14,282.17 crore for Q2FY20 as compared Rs 16,835.79 crore for the corresponding quarter previous year.