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SAIL posts 10th straight quarterly loss at Rs 539 cr

Analysts on average had expected the state-run company to post a loss of Rs 273 cr

Reuters 

SAIL posts 10th straight quarterly loss at Rs 539 cr

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

Net came in at Rs 539 crore ($82.96 million) in the quarter ended September 30, compared with a of Rs 732 crore in the year-ago period.

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

Quarterly revenue from operations was up about 8 per cent at Rs 13,617 crore, while total expenses rose 2.7 per cent to Rs Rs 14,109 crore.

($1 = Rs 64.9700)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Thu, November 09 2017. 18:30 IST
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