Steel Authority of India Limited Q3 Results 2024: Date and Time, Share Price and Target

News: Steel Authority of India Limited (SAIL), a big name in steel, is getting ready to share its Q3 2024 earnings. People who invest in or care about SAIL are excited to know how it’s doing financially. Let’s see what’s important:

Date and Time

The Q3 results everyone’s waiting for will be out on February 12, 2024.

Financial Overview

Here’s a quick look at how SAIL performed financially this quarter:

• Turnover: Rs. 76,801 crore
• Revenue From Operations: Rs. 77,417 crore
• Net Worth: Rs. 53,499 crore

Production and Sales

Let’s see how much steel SAIL made and sold:

• Hot Metal: 15.153 million metric tons (MT)
• Crude Steel: 14.223 million MT
• Saleable Steel: 13.718 million MT

In India, they sold 12.182 million MT, and exported 0.281 million MT.

Subscribe to Sarkari Result to stay informed. Get the latest celebrity news and detailed movie reviews in real-time. Keep up with the constantly changing world of entertainment with Sarkari Exam.

Share Price and Target

We don’t have exact details on SAIL’s share price or target, but investors should watch how the stock is doing in the market.

Sustainable Efforts

Apart from making money, SAIL is also focusing on being eco-friendly:

1. Waste Management: They’re reducing, reusing, recycling, and recovering waste, even turning steel slag into eco-friendly fertilizers.
2. Solid Liquid Resource Management (SLRM): They’re turning green waste into manure and plastic waste into useful stuff.
3. Eco-Restoration Projects: They’re restoring places damaged by mining, which helps the environment and reduces CO2.
4. Water Conservation: They’re aiming for “Zero Liquid Discharge.”
5. Energy Conservation: They’re using solar and hydel power to save energy.

Workforce Changes

SAIL’s team size changed in Q3 FY24, with 56,873 people working, which was lower than before.

SAIL isn’t just about steel; they also care about society. They’re involved in education, healthcare, creating jobs, empowering women, and planting trees.

Frequently Asked Questions (FAQs)

Q: Why is the Q3 2024 earnings disclosure important for SAIL?

A: The Q3 2024 earnings disclosure reveals crucial information about SAIL’s financial status and strategic plans, shaping investor sentiment and influencing market decisions.

Q: What topics are on the agenda for the upcoming Board of Directors meeting?

A: The Board of Directors meeting will focus on reviewing and potentially approving the Un-audited Financial Statements for the quarter and nine months ending December 31, 2023, covering both standalone and consolidated statements.

Q: What’s the reason behind keeping the trading window closed until 48 hours after announcing financial results?

A: Closing the trading window for 48 hours after financial results are announced is a standard measure to prevent insider trading and maintain market fairness.