{"id":21928,"date":"2020-09-14T17:16:57","date_gmt":"2020-09-14T17:16:57","guid":{"rendered":"https:\/\/bengalnewstimes.com\/?p=21928"},"modified":"2020-09-14T17:16:57","modified_gmt":"2020-09-14T17:16:57","slug":"steel-authority-of-india-slips-into-red-records-consolidated-loss-of-rs1270cr-in-q1fy21","status":"publish","type":"post","link":"https:\/\/bengalnewstimes.com\/?p=21928","title":{"rendered":"Steel Authority of India slips into red, records consolidated loss of ~Rs1,270cr in Q1FY21"},"content":{"rendered":"<p><\/p>\n<div id=\"story_card\">\n                                                <!--read more button--><\/p>\n<p>                                                <!--read more button--><br \/>\n                                                <!--start Current story content--><\/p>\n<div class=\" current_content serif\">\n<div style=\"display:inline; float: ;\">\n\t<img loading=\"lazy\" decoding=\"async\" align=\"left\" alt=\"Quarterly Results\" class=\"imgCont\" height=\"233\" src=\"https:\/\/content.indiainfoline.com\/_media\/iifl\/img\/misc\/2017-01\/12\/full\/quarterly-results-1484195642-09991350.jpg\" style=\"margin: 5px;\" title=\"Quarterly Results\" width=\"350\"\/><\/div>\n<p>Steel Authority of India Limited announced its Q1FY21 results on Sep 14, 2020. Consolidated net revenue of Steel Authority of India Limited in Q1FY21 stood at Rs9,067.48cr, which declined by 38.82% yoy from Rs14,820.01cr in Q1FY20.<\/p>\n<p>The company posted negative EBITDA Rs402.79cr in Q1FY21 that decreased by 125.46% yoy. For Q1FY20, it had posted EBITDA of Rs1,581.94cr. EBITDA margin as of Q1FY21 was at negative 4.44% that declined by 15.11% yoy against the same quarter, the previous year.<\/p>\n<p>The consolidated net loss in Q1FY21 came in at Rs1,270.27cr which declined by 1945.25%, as compared to Q1FY20, when it had reported profit of Rs68.84cr. The net profit margin in Q1FY21 came in at negative 14.01% which declined by 14.47% yoy. The net profit margin for Q1FY20 was at 0.46%.<\/p>\n<p>Share price of company closed at Rs39.50 up by 1.54% on BSE.<\/p>\n<table border=\"0\" cellpadding=\"0\" cellspacing=\"0\" style=\"border-collapse:collapse;width:352px;\" width=\"351\">\n<colgroup>\n<col style=\"width:115px;\"\/>\n<col style=\"width:81px;\"\/>\n<col style=\"width:79px;\"\/>\n<col style=\"width:77px;\"\/><\/colgroup>\n<tbody>\n<tr height=\"20\" style=\"height:20px;\">\n<td height=\"20\" style=\"height: 20px; width: 115px; color: black; border-width: 0.5pt; border-style: solid; border-color: windowtext; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;\">&#13;<br \/>\n\t\t\t\tParticulars<\/td>\n<p>&#13;<\/p>\n<td style=\"width: 81px; color: black; border-width: 0.5pt; border-style: solid; border-color: windowtext; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;\">&#13;<br \/>\n\t\t\t\tQ1FY21 (Rs in cr)<\/td>\n<p>&#13;<\/p>\n<td style=\"width: 79px; color: black; border-width: 0.5pt; border-style: solid; border-color: windowtext; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;\">&#13;<br \/>\n\t\t\t\tQ1FY20 (Rs in cr)<\/td>\n<p>&#13;<\/p>\n<td style=\"width: 77px; color: black; border-width: 0.5pt; border-style: solid; border-color: windowtext; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;\">&#13;<br \/>\n\t\t\t\t% VAR<\/td>\n<p>&#13;<br \/>\n\t\t<\/tr>\n<tr height=\"20\" style=\"height:20px;\">\n<td height=\"20\" style=\"height: 20px; color: black; border-width: 0.5pt; border-style: solid; border-color: windowtext; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;\">&#13;<br \/>\n\t\t\t\tNet Revenue<\/td>\n<p>&#13;<\/p>\n<td align=\"right\" style=\"color: black; border-width: 0.5pt; border-style: solid; border-color: windowtext; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;\">&#13;<br \/>\n\t\t\t\t9,067.48<\/td>\n<p>&#13;<\/p>\n<td align=\"right\" style=\"color: black; border-width: 0.5pt; border-style: solid; border-color: windowtext; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;\">&#13;<br \/>\n\t\t\t\t14,820.01<\/td>\n<p>&#13;<\/p>\n<td align=\"right\" style=\"color: black; border-width: 0.5pt; border-style: solid; border-color: windowtext; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;\">&#13;<br \/>\n\t\t\t\t-38.82<\/td>\n<p>&#13;<br \/>\n\t\t<\/tr>\n<tr height=\"20\" style=\"height:20px;\">\n<td height=\"20\" style=\"height: 20px; color: black; border-width: 0.5pt; border-style: solid; border-color: windowtext; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;\">&#13;<br \/>\n\t\t\t\tOperating Profit(Loss)<\/td>\n<p>&#13;<\/p>\n<td align=\"right\" style=\"color: black; border-width: 0.5pt; border-style: solid; border-color: windowtext; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;\">&#13;<br \/>\n\t\t\t\t(402.79)<\/td>\n<p>&#13;<\/p>\n<td align=\"right\" style=\"color: black; border-width: 0.5pt; border-style: solid; border-color: windowtext; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;\">&#13;<br \/>\n\t\t\t\t1,581.94<\/td>\n<p>&#13;<\/p>\n<td align=\"right\" style=\"color: black; border-width: 0.5pt; border-style: solid; border-color: windowtext; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;\">&#13;<br \/>\n\t\t\t\t-125.46<\/td>\n<p>&#13;<br \/>\n\t\t<\/tr>\n<tr height=\"20\" style=\"height:20px;\">\n<td height=\"20\" style=\"height: 20px; color: black; border-width: 0.5pt; border-style: solid; border-color: windowtext; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;\">&#13;<br \/>\n\t\t\t\tNet Profit(Loss)<\/td>\n<p>&#13;<\/p>\n<td align=\"right\" style=\"color: black; border-width: 0.5pt; border-style: solid; border-color: windowtext; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;\">&#13;<br \/>\n\t\t\t\t(1,270.27)<\/td>\n<p>&#13;<\/p>\n<td align=\"right\" style=\"color: black; border-width: 0.5pt; border-style: solid; border-color: windowtext; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;\">&#13;<br \/>\n\t\t\t\t68.84<\/td>\n<p>&#13;<\/p>\n<td align=\"right\" style=\"color: black; border-width: 0.5pt; border-style: solid; border-color: windowtext; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;\">&#13;<br \/>\n\t\t\t\t-1945.25<\/td>\n<p>&#13;<br \/>\n\t\t<\/tr>\n<tr height=\"20\" style=\"height:20px;\">\n<td height=\"20\" style=\"height: 20px; color: black; border-width: 0.5pt; border-style: solid; border-color: windowtext; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;\">&#13;<br \/>\n\t\t\t\tEBITDAM%<\/td>\n<p>&#13;<\/p>\n<td align=\"right\" style=\"color: black; border-width: 0.5pt; border-style: solid; border-color: windowtext; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;\">&#13;<br \/>\n\t\t\t\t-4.44<\/td>\n<p>&#13;<\/p>\n<td align=\"right\" style=\"color: black; border-width: 0.5pt; border-style: solid; border-color: windowtext; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;\">&#13;<br \/>\n\t\t\t\t10.67<\/td>\n<p>&#13;<\/p>\n<td align=\"right\" style=\"color: black; border-width: 0.5pt; border-style: solid; border-color: windowtext; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;\">&#13;<br \/>\n\t\t\t\t-15.11<\/td>\n<p>&#13;<br \/>\n\t\t<\/tr>\n<tr height=\"20\" style=\"height:20px;\">\n<td height=\"20\" style=\"height: 20px; color: black; border-width: 0.5pt; border-style: solid; border-color: windowtext; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;\">&#13;<br \/>\n\t\t\t\tPATM%<\/td>\n<p>&#13;<\/p>\n<td align=\"right\" style=\"color: black; border-width: 0.5pt; border-style: solid; border-color: windowtext; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;\">&#13;<br \/>\n\t\t\t\t-14.01<\/td>\n<p>&#13;<\/p>\n<td align=\"right\" style=\"color: black; border-width: 0.5pt; border-style: solid; border-color: windowtext; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;\">&#13;<br \/>\n\t\t\t\t0.46<\/td>\n<p>&#13;<\/p>\n<td align=\"right\" style=\"color: black; border-width: 0.5pt; border-style: solid; border-color: windowtext; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;\">&#13;<br \/>\n\t\t\t\t-14.47<\/td>\n<p>&#13;<br \/>\n\t\t<\/tr>\n<\/tbody>\n<\/table>\n<p><!--start sk\n                                                    \n\n<div>\n                                                        \n\n<div class=\"clearfix\"><\/div>\n\n\n                                                        \n\n<div class=\"col-lg-5 col-md-4 col-sm-5 col-xs-4\">\n\n<div class=\"loading large-image-loading \"><\/div>\n\n<\/div>\n\n\n                                                      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Consolidated net revenue of Steel Authority of India Limited in Q1FY21 stood at Rs9,067.48cr, which declined by 38.82% yoy from Rs14,820.01cr in Q1FY20. The company posted negative EBITDA Rs402.79cr in Q1FY21 that decreased by 125.46% yoy. For [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2194,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[36],"tags":[],"class_list":["post-21928","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking-business"],"jetpack_featured_media_url":"https:\/\/bengalnewstimes.com\/wp-content\/uploads\/2020\/06\/quarterly-results-1484195642-09991350.jpg","_links":{"self":[{"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/posts\/21928","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21928"}],"version-history":[{"count":0,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/posts\/21928\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/media\/2194"}],"wp:attachment":[{"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21928"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21928"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21928"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}