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SAIL Q2 net profit jumps over 10-folds to Rs 4,338 crore; declares Rs 4 interim dividend

During the July-September period, the company said its total consolidated income also increased to Rs 27,007.02 crore, from Rs 17,097.57 crore in the corresponding quarter of the previous fiscal.

October 29, 2021 / 08:51 PM IST
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Domestic steel giant SAIL on Friday reported an over 10-fold jump in its consolidated net profit at Rs 4,338.75 crore for the second quarter ended September 2021.

The company had posted Rs 436.52 crore net profit in the year-ago quarter, Steel Authority of India Ltd (SAIL) said in a regulatory filing.

During the July-September period, the company said its total consolidated income also increased to Rs 27,007.02 crore, from Rs 17,097.57 crore in the corresponding quarter of the previous fiscal.

SAIL's expenses during the quarter were at Rs 21,289 crore as against Rs 16,733.63 crore a year ago.