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After 10 straight quarters of losses, SAIL back in black in Q3 at Rs 431 mn

Quarterly revenue from operations rose 21.4 percent to Rs 153.24 billion

A man paddles his rickshaw pasts an advertisement of Steel Authority of India Ltd. (SAIL) at a street in New Delhi, India. Photo: Reuters

Last Updated : Feb 08 2018 | 10:27 PM IST

Steel Authority of India Ltd posted a profit for the three months ended December on Thursday, snapping ten straight quarters of losses.

Net Profit was Rs 431.6 million ($6.72 million), compared with a loss of Rs 7.95 billion in the year-ago period, the company said in a statement.

Quarterly revenue from operations rose 21.4 percent to Rs 153.24 billion.

($1 = 64.2550 Indian rupees)