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Steel Authority of India Posts Profit In Q3 After 10 Quarters

Net profit was Rs. 43 crore, compared with a loss of Rs. 795 crore in the year-ago period, the company said.

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. 43 crore ($6.72 million), compared with a loss of Rs. 795 crore in the year-ago period, the company said in a statement.

Quarterly revenue from operations rose 21.4 per cent to Rs. 15,324 crore.

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