SAIL surges 13% on best-ever quarterly profit of Rs 4,304 crore in Q2

The company has announced interim dividend of Rs 4 per equity share or 40 per cent of the paid up equity share capital of the Company

Shares of Steel Authority of India (SAIL) surged 13 per cent to Rs 130.35 on the BSE in Monday's intra-day trade after the company reported best-ever quarterly standalone profit after tax (PAT) of Rs 4,304 crore for the second quarter ended September 2021 (Q2FY22). It had posted Rs 393 crore net profit in the year-ago quarter. On a sequential basis, PAT up 12 per cent from Rs 3,850 crore in June 2021 quarter.

The company's standalone revenue from operations increased 58 per cent year on year (YoY) at Rs 26,827 crore, from Rs 16,923 crore in the corresponding quarter