Financial Insights

SAIL: Sharp rise in coking coal prices likely to impact margin

Stock of Steel Authority of India Ltd. increased the most in at least 9 months. The analysts remained optimistic because of lower post-profit debt and improved balance sheets in the second quarter.

The company reported a net profit of INR 5794.90 crores VS INR 660.20 crores, revenue grew 58.5% at INR 26,828 crore Vs INR 16925.50 crore YoY

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