 "SAIL posts 10th straight quarterly loss at Rs 539 cr")
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 ($82.96 million) 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 13,617 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.)
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app