Steel Authority of India · NSE: SAIL · BSE: 500113

Q2 FY24 results · Jul–Sep 2023

Steel Authority of India reported revenue from operations of ₹29,712.07 crore (up 13.2% from Q2 FY23) and net profit of ₹1,305.59 crore for Q2 FY24 (Jul–Sep 2023), on a consolidated basis.

Consolidated · ₹ crore
Item	Q2 FY24	Q2 FY23	YoY	Q1 FY24	QoQ
Revenue from operations	29,712.07	26,246.34	+13.2%	24,359.10	+22.0%
Other income	146.12	395.68	−63.1%	463.73	−68.5%
Total income	29,858.19	26,642.02	+12.1%	24,822.83	+20.3%
Profit before share of associates & JVs and tax	1,674.71	(558.77)	Turned profit	224.77	+645.1%
Share of profit/(loss) of associates & JVs	95.07	116.16		63.40
Net profit for the period	1,305.59	(329.36)	Turned profit	212.48	+514.5%
EPS, basic (₹)	3.16	(0.80)	Turned profit	0.51	+519.6%
Net margin (%)	4.4	-1.3		0.9

This company reports a share of profit/(loss) from associates and joint ventures. BSE’s filing format records that share after tax, so it is shown on its own line. The company’s own statement may add it before its “profit before tax” line.

Standalone · ₹ crore
Item	Q2 FY24	Q2 FY23	YoY	Q1 FY24	QoQ
Revenue from operations	29,713.54	26,246.31	+13.2%	24,357.58	+22.0%
Other income	173.67	441.19	−60.6%	442.49	−60.8%
Total income	29,887.21	26,687.50	+12.0%	24,800.07	+20.5%
Profit before tax	1,696.20	(515.59)	Turned profit	202.15	+739.1%
Net profit for the period	1,240.66	(385.82)	Turned profit	149.83	+728.0%
EPS, basic (₹)	3.00	(0.93)	Turned profit	0.36	+733.3%
Net margin (%)	4.2	-1.5		0.6

Consolidated

Filed with BSE: 13 Nov 2023, 18:04 IST
Board meeting: 10 Nov 2023
Period: 01 Jul 2023 to 30 Sep 2023
Review status: Unaudited
Source: XBRL filing on BSE

Standalone

Filed with BSE: 13 Nov 2023, 18:04 IST
Board meeting: 10 Nov 2023
Period: 01 Jul 2023 to 30 Sep 2023
Review status: Unaudited
Source: XBRL filing on BSE