Steel Authority Of India Reports 10th Straight Quarterly Loss At Rs 539 Crore

Net loss came in at Rs 539 crore in the quarter ended September 30,.

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Steel Authority Of India Reports 10th Straight Quarterly Loss At Rs 539 Crore

Analysts on average had expected SAIL to post a loss of Rs 273 crore.

Steel Authority of India Ltd posted a narrower second-quarter loss on Thursday, the tenth straight loss in a row.

Net loss came in at Rs 539 crore in the quarter ended September 30, compared with a loss of Rs 732 crore in the year-ago period.

Analysts on average had expected the state-run company to post a loss of Rs 273 crore, according to Thomson Reuters data.

Quarterly revenue from operations was up about 8 per cent at Rs 13,600 crore, while total expenses rose 2.7 per cent to Rs 14,100 crore.
© Thomson Reuters 2017


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