Steel Authority of India : Consolidated Financial Results 9M 2020-21

STEEL AUTHORITY OF INDIA LIMITED

CIN: L27109DL1973GO1006454

REGISTERED OFFICE: ISPAT BHAWAN, LODI ROAD, NEW DELHI - 110 003

Tel: [phone], Fax: [phone], E-mail: [e-mail], Website: www.sail.co.in

Statement of Consolidated Unaudited Financial Results for the Quarter and Nine Months ended 31st December, 2020

₹ Crore unless stated otherwise

				CONSOLIDATED
			Quarter ended		Nine Months ended	Year ended
Sl. No.	Particulars	31st December,	30th September,	31st December,	31st December,	31st December,	31st March,
2020	2020	2019	2020	2019	2020
		Unaudited	Unaudited	Unaudited	Unaudited	Unaudited	Audited
1	Income
	(a) Revenue from operations	19835.71	16925.49	16542.48	45828.72	45492.33	61664.16
	(b) Other income	161.60	172.08	172.39	612.37	502.91	905.79
	Total Income	19997.31	17097.57	16714.87	46441.09	45995.24	62569.95
2	Expenses
	a) Cost of materials consumed	6521.75	5796.63	7075.49	16696.63	22665.40	29371.73
	b) Changes in inventories of finished goods, work-in-progress	1014.63	2944.98	1928.92	3628.36	(493.88)	(5577.63)
	and by-products
	c) Employee benefits expense	2347.34	2042.66	2028.27	6386.82	6041.87	8797.32
	d) Finance costs	670.09	720.37	849.38	2276.75	2578.13	3486.76
	e) Depreciation and amortisation expenses	981.44	990.00	926.39	2944.92	2700.27	3755.73
	f) Other expenses	4871.56	4238.99	4504.19	12532.06	13517.02	18857.02
	Total Expenses	16406.81	16733.63	17312.64	44465.54	47008.81	58690.93
3	Profit / (Loss) before Exceptional items, share of net Profit
	/ (Loss) of investment accounted for using equity method	3590.50	363.94	(597.77)	1975.55	(1013.57)	3879.02
	and Tax
	Share of Profit / (Loss) in investments accounted for using	221.70	73.90	98.92	344.26	212.20	194.32
	equity method
	Profit / (Loss) before Exceptional items and Tax	3812.20	437.84	(498.85)	2319.81	(801.37)	4073.34
	Add / (Less): Exceptional items	2.48	222.39	-	224.87	-	(771.76)
4	Profit / (Loss) before Tax	3814.68	660.23	(498.85)	2544.68	(801.37)	3301.58
	Less: Tax expense
	Current tax	1.49	0.73	2.33	3.72	6.52	229.79
	Deferred tax {refer note 4(d)}	2344.99	222.98	(197.07)	1862.71	(320.54)	1,099.52
	MAT credit	-	-	-	-	-	(214.75)
	Current tax (earlier years)	-	-	39.46	-	39.46	66.31
5	Net Profit / (Loss) for the period	1468.20	436.52	(343.57)	678.25	(526.81)	2120.71
	Other Comprehensive Income (OCI)
A	(i) Items that will not be reclassified to profit or loss	12.47	2.03	10.77	16.72	17.34	(179.90)
	(ii) Income tax relating to items that will not be reclassified to	(2.44)	(0.94)	(2.22)	(3.90)	(3.75)	62.48
	profit or loss
B	(i) Items that will be reclassified to profit or loss	(46.98)	(44.42)	(7.11)	(131.75)	36.11	143.45
	(ii) Income tax relating to items that will be reclassified to profit	-	-	-	-	-	-
	or loss
6	Total Comprehensive Income / (Loss) for the period	1431.25	393.19	(342.13)	559.32	(477.11)	2146.74
7	Paid-up Equity Share Capital (Face Value of ₹ 10/- each)	4130.53	4130.53	4130.53	4130.53	4130.53	4130.53
8	Other equity excluding revaluation reserve				37939.03	34751.60	37379.70
9	Earnings per equity share (of ₹10/- each) (not annualised)
	1. Basic (₹)	3.55	1.06	(0.83)	1.64	(1.28)	5.13
	2. Diluted (₹)	3.55	1.06	(0.83)	1.64	(1.28)	5.13
Note: Refer accompanying notes to the financial results.