Steel Authority of India (SAIL) is India’s 2nd largest steel producing company in terms of production after JSW Steel.The company has released its crude steel production and sales performance numbers for the quarter ended Dec’17.
In first nine months of FY18 (Apr-Dec’17) SAIL’s crude steel output was recorded at 11.017 MT up by 3% Y-o-Y.
SAIL’s Chairman Mr P K Singh commented,”SAIL’s Q3 FY18 results is an amalgamation of higher production, improving efficiency, focused marketing, cost control initiatives, a massive two way company-wide communication exercise”.
Below are the highlights of the quarterly results announced:
1. SAIL Crude steel production up 8% Y-o-Y basis in Q3 FY18 – Crude steel output of SAIL was registered at 3.884 MnT in Q3FY18 up by 1.38% compared to 3.831 MnT in Q2FY18.However on yearly basis the same went up by 8% as compared to 3.6 MnT in Q3FY17.
2. Company’s Saleable Steel Production went up by 2% in Q3 FY18-Company’s Saleable steel production is recorded 3.6 MT in Q3FY18 which is down by 2% Q-o-Q basis against 3.658 MT in Q2 FY18.Also on yearly basis the same went up 9% in comparison with 3.3 MT in Q3FY17.
3.Company’s EBITDA moved up by 63% in Q3FY18-SAIL EBITDA moved up significantly by 63% to INR 1,571 in Q3FY18 on quarterly basis which was INR 966 in Q2FY18.
4. Company Saleable Steel Sales moved up by 14% in Q3FY18-SAIL Saleable steel performance recorded the increase of 6.4% Q-o-Q basis to 3.773 MT in Q3FY18 which was 3.544 MT in Q2FY18.However on yearly basis the same increases by 14.3 % against 3.3 MT in Q3FY17. SAIL is targeting higher sales volume coupled with more value added and enriched products.
Leave a Reply