02-10-2022 10:04 AM | Source: Dion Global Solution Ltd
Steel Authority Q3 net profit up 12.46% at Rs 1443.10 cr
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| The company reported standalone net profit of Rs 1,443.10 crore for the quarter ended December 31, 2021 as compared to Rs 1283.17 crore in the same period last year, registering a year-on-year growth of 12.46 per cent. Net revenue of the company rose substantially by 27.29 per cent at Rs 25,245.92 crore in October-December quarter of this fiscal as against Rs 19,832.93 crore in the corresponding period last year. During October-December quarter, operating expenses increased by 47.98 per cent to Rs 21,835.48 crore from Rs 14,755.46 crore in year ago period. Other Income grew by 15.11 per cent at Rs 248.97 crore versus (Dec'20 Rs 216.29 crore). Operating Profit slipped by 32.83 per cent to Rs 3,410.44 crore as against Rs 5,077.47 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 47.23 per cent in December quarter. Interest declined by 52.87 per cent y-o-y to Rs 315.80 crore, while Taxation decreased by 79.34 per cent at Rs 487.88 crore (Dec'20 Rs 2,361.74 crore). |
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