SAIL reports net profit of Rs 436 crore in Q2

Steel Authority of India Ltd (SAIL) posted a consolidated net profit of Rs 436.52 crore for the second quarter ended September 30, exhibiting substantial growth in the operational performance. The state-owned steelmaker had reported Rs 285.92 crore net loss in the year-ago quarter. During the July-September period, the domestic steel giant’s total consolidated income rose to more than Rs 17,090 crore, from Rs 14,282.17 crore in the corresponding quarter previous fiscal.