State-run Steel Authority of India Ltd. (SAIL) reported a net profit of Rs 393 crore for the quarter ended on 30 September, 2020 against a net loss of Rs 343 crore in the same quarter a year-ago.
During the September quarter the profit of the company reflects its resilience and robust performance in the fast reviving economy and domestic market which has been adversely affected by the Covid-19 pandemic during the initial months, said Ministry of Steel in a release. 
The company’s turnover in Q2FY21 improved more than 20 per cent at Rs 16,834.1 crore and earnings before interest, taxes, depreciation and amortization (EBITDA) also rose 59 per cent to Rs 2,098.09 crore. The ministry said that SAIL has faced every odd thrown 
Shri Anil Kumar Chaudhary, Chairman, SAIL commenting on the company’s performance said, “The Company registered profit in Q2FY21 by braving all odds and exhibiting substantial growth in the operational performance. The Company is determined to perform better in future and is geared up to take all necessary actions to remain a world-class domestic steel producer towards building an Atmanirbhar Bharat.”
SAIL also registered the best ever saleable steel Q2 production of 3.752 MT during the quarter, against the previous best of 3.658 MT which it has achieved in the September quarter of FY18. The saleable steel production in the September quarter grew 5 per cent. The company’s focus on operational efficiency during the quarter resulted in improving the key Techo-economic parameters with 4 per cent in Coke Rate, 9 per cent in Blast Furnace Productivity and 1 per cent in Specific Energy Consumption.