Business Companies 09 Nov 2017 SAIL Q2 net loss nar ...

SAIL Q2 net loss narrows to Rs 539 crore

PTI
Published Nov 9, 2017, 7:29 pm IST
Updated Nov 9, 2017, 7:29 pm IST
Steelmaker had clocked a net loss of Rs 731.58 crore in the corresponding quarter of 2016-17.
Shares of the company closed 1.69 per cent higher at Rs 78.15 apiece on BSE.
 Shares of the company closed 1.69 per cent higher at Rs 78.15 apiece on BSE.

New Delhi: Domestic steel major SAIL on Thursday said its standalone net loss narrowed to Rs 539.06 crore for the September quarter of the current fiscal.

The steelmaker had clocked a net loss of Rs 731.58 crore in the corresponding quarter of 2016-17, the company said in a BSE filing.

 

Total standalone income of the Maharatna firm rose by 8 per cent to Rs 13,666.05 crore in July-September period of this fiscal from Rs 12,645.76 crore during the similar quarter in 2016-17.

The company's total expenses also rose by 2.72 per cent to Rs 14,108.84 crore in the quarter under review as against 13,734.80 crore in the year-ago period.

Shares of the company closed 1.69 per cent higher at Rs 78.15 apiece on BSE on Thursday.

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Location: India, Delhi, New Delhi




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