SAIL gains despite reporting 29% fall in Q4 consolidated net profit
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Steel Authority Of India is currently trading at Rs. 74.15, up by 0.25 points or 0.34% from its previous closing of Rs. 73.90 on the BSE.
The scrip opened at Rs. 75.00 and has touched a high and low of Rs. 75.70 and Rs. 73.65 respectively. So far 1585685 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 145.85 on 30-Jul-2021 and a 52 week low of Rs. 72.20 on 23-May-2022.
Last one week high and low of the scrip stood at Rs. 86.95 and Rs. 72.20 respectively. The current market cap of the company is Rs. 30648.50 crore.
The promoters holding in the company stood at 65.00%, while Institutions and Non-Institutions held 14.82% and 20.18% respectively.
Steel Authority of India (SAIL) has reported results for fourth quarter and year ended March 31, 2022.
The company has reported a fall of 29.78% in its net profit at Rs 2,418.30 crore for the quarter under review as compared to Rs 3,443.80 crore for the same quarter in the previous year. However, total income of the company increased by 32.21% at Rs 31,210.17 crore for Q4FY22 as compared Rs 23,606.06 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported a fall of 28.56% in its net profit at Rs 2,478.82 crore for the quarter under review as compared to Rs 3469.80 crore for the same quarter in the previous year. However, total income of the company increased by 32.47% at Rs 31,175.25 crore for Q4FY22 as compared Rs 23,533.19 crore for the corresponding quarter previous year.
For the year ended March 31, 2022, the company has reported 3-fold jump in its net profit at Rs 12,015.04 crore as compared to Rs 3,850.02 crore for the previous year. Total income of the company increased by 49.05% at Rs 104,515.35 crore for year under review as compared to Rs 70,121.71 crore for year ended March 31, 2021.
For the year ended March 31, 2022, on the consolidated basis, the company has reported around 3-fold jump in its net profit at Rs 12,243.47 crore as compared to Rs 4,148.13 crore for the previous year. Total income of the company increased by 49.11% at Rs 104,335.39 crore for year under review as compared to Rs 69,974.28 crore for year ended March 31, 2021.
