New Delhi: The Steel Authority of India Limited (SAIL), under Ministry of Steel has declared the financial results of the company for the second quarter (July – Sep’21) and H1 (Apr – Sep’21) of this financial year (FY 2021-22) on Friday.

The steel giant reported nearly10-fold year-on-year jump in its standalone net profit to Rs 4,303.62 crore for the quarter ended 30 September, 2021. It also reported an over 10-fold jump in its consolidated net profit at Rs 4,338.75 crore for the second quarter ended September 2021.

The company had posted Rs 436.52 crore net profit in the year-ago quarter, SAIL said in a regulatory filing.

During the July-September period, the company said its total consolidated income also increased to Rs 27,007.02 crore, from Rs 17,097.57 crore in the corresponding quarter of the previous fiscal. / BI/