Steel Authority of India : Standalone 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 Standalone Unaudited Financial Results for the Quarter and Nine Months ended 31st December, 2020

₹ Crore unless stated otherwise

				STANDALONE
			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	19832.93	16923.61	16541.31	45824.02	45488.76	61660.55
	(b) Other income	216.29	197.61	186.63	691.63	528.21	985.22
	Total Income	20049.22	17121.22	16727.94	46515.65	46016.97	62645.77
2	Expenses
	a) Cost of materials consumed	6506.53	5772.84	7037.24	16639.31	22547.12	29212.87
	b) Changes in inventories of finished goods, work-in-progress	1009.19	2956.39	1939.58	3626.10	(473.10)	(5555.82)
	and by-products
	c) Employee benefits expense	2343.47	2038.72	2024.36	6375.10	6029.52	8781.32
	d) Finance costs	670.08	720.37	849.38	2276.74	2578.13	3486.76
	e) Depreciation and amortisation expenses	981.25	989.79	926.25	2944.35	2699.84	3755.05
	f) Other expenses	4896.27	4255.18	4542.54	12608.35	13645.97	19023.17
	Total Expenses	16406.79	16733.29	17319.35	44469.95	47027.48	58703.35
3	Profit / (Loss) before Exceptional items and Tax	3642.43	387.93	(591.41)	2045.70	(1010.51)	3942.42
	Add / (Less): Exceptional items	2.48	222.39	-	224.87	-	(771.76)
4	Profit / (Loss) before Tax	3644.91	610.32	(591.41)	2270.57	(1010.51)	3170.66
	Less: Tax expense
	Current tax	0.48	-	-	0.48	-	224.14
	Deferred tax (refer note 6)	2361.26	217.00	(201.25)	1,863.87	(346.35)	1073.73
	MAT credit	-	-	-	-	-	(214.75)
	Current tax (earlier years)	-	-	39.46	-	39.46	66.00
5	Net Profit / (Loss) for the period	1283.17	393.32	(429.62)	406.22	(703.62)	2021.54
	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	(177.61)
	(ii) Income tax relating to items that will not be reclassified to	(2.44)	(0.94)	(2.22)	(3.90)	(3.75)	61.90
	profit or loss
6	Total Comprehensive Income / (Loss) for the period	1293.20	394.41	(421.07)	419.04	(690.03)	1905.83
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				36065.89	33051.47	35646.85
9	Earnings per equity share (of ₹10/- each) (not annualised)
	1. Basic (₹)	3.11	0.95	(1.04)	0.98	(1.70)	4.89
	2. Diluted (₹)	3.11	0.95	(1.04)	0.98	(1.70)	4.89

Note: Refer accompanying notes to the financial results.