Steel Authority of India Ltd (SAIL) reported a bleak second quarter performance on the back of a sharp fall in operating margins and decline in turnover.
Operating Profit (EBDIT)
Operating Profit Margin (%)
Profit before Tax
Profit after Tax/(Loss)
Net profit margin (%)
No. of Shares (m)
Diluted Earnings per share*
P/E (at current price)
Although, the company is struggling hard to control costs, its operating cost escalated significantly in the second quarter. Staff cost as a percentage of sales rose to 25% from 23% in 2QFY00. Raw material cost too witnessed an increase of 12% and accounted for 38% of total sales.
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