AT A GLANCE: Sail reports loss despite higher sales and production

A summary of state-owned Steel Authority of India’s (Sail) financial results for its third quarter covering the period of October to December, and the first nine months of its financial year 2019-20.

In brief Sail reports higher sales and saleable steel production in the third quarter, but lower prices hurt earnings The company said the reduction in prices has hurt the financial performance of all major domestic steel producers “The quarter had been quite challenging for the entire industry in terms of subdued realizations thereby impacting the financial performance of all major producers,” the company said. Q3 FY20 results Earnings...

Published

Carrie Bone

February 17, 2020

12:41 GMT

London