SAIL reported Q3 Results on February 13, 2023. The company reported its net profit for the December quarter of FY23 slides 65% YoY to Rs 542.18 crore.

SAIL reported its Total Income down 1% YoY to Rs 25,140.16 crore from Rs 25,398.37 crore in Q3 FY22.

SAIL reported its crude steel production was at 4.708 million Tonne during Q3FY23 compared to 4.531 million Tonne a year ago.

The company reported sales were at 4.151 MT against 3.840 MT in the year ago quarter.

SAIL reported its total expenses soared to Rs 24,825.11 crore, compared to Rs 23,209.88 crore a year ago.

SAIL reported Profit Before Tax for the December quarter of FY23 reduced by 63.8% to only Rs 725.91 crore from Rs 2,005.81 crore in Q3FY22.

SAIL reported a net Profit for the December quarter of FY23 reduced by 65% to Rs 542.18. crore from Rs 1,528.54 crore in Q3FY22.

SAIL reported Operating margin of 8.78% in Q3 FY23, down by 572 bps. It was 14.50% in Q3 FY23. 

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