Govt plans mechanism to address iron ore price volatility

Jan 11 2018

The steel ministry is contemplating a mechanism to moderate the volatile prices of iron ore, the main raw material of steel.

Retail investors over-subscribe NMDC; govt to get Rs 1,200 cr

Jan 10 2018

The govt's 2.52% stake sale in state-owned miner NMDC saw robust response from investors with the retail portion getting over-subscribed by 5.40 times.

SAIL may return to profit next year: Steel Secretary

Dec 25 2017

The steel ministry expects SAIL to show profit next year on the back of continued improvement in global commodity market.

Public sector units helped in economic growth: VP Venkaiah Naidu

Dec 08 2017

M Venkaiah Naidu said PSEs have contributed immensely to the countrys economic growth and helped the country in building a sustained industrial base.

JV between SAIL, ArcelorMittal soon, says steel minister

Dec 08 2017

Chaudhary Birender Singh said that the joint venture (JV) between steel giants SAIL and ArcelorMittal to produce high-end automotive steel will be signed soon.

JSW keen to snap up stressed assets, to create $1-bn war chest

Jun 29 2017

JSW Steel is evaluating stressed steel assets for acquisitions and has secured shareholders approval to create a USD 1 bn war chest for the same.

No need to cap iron ore prices, plan to expand output: Govt

Jun 12 2017

"Our's (iron ore) is growing by 22 per cent and the steel is growing by 8 per cent. So where is the shortage?"

India asks state miner NMDC to review iron ore prices once in 3 months

May 09 2017

India has asked NMDC Ltd to consider reviewing iron ore prices only once in three months instead of regular revisions, and help steel companies handle raw material.

Oil India to buy back shares worth Rs 1,527 crore

Mar 20 2017

Oil India Ltd said it will buy back 4.49 crore shares for Rs 1,527 crore.

Policy to ensure availability of cheap iron ore within a month

Feb 27 2017

The development comes at a time when the steel sector is reeling under the impact of high raw material costs.

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Net Sales at Rs 1540 Cr Vs Rs 508 Cr, up 3x

Total Income at Rs 1,808 Cr vs Rs 734 Cr, 2.5x

EBITDA at Rs 1462 Cr Vs Rs 475 Cr, up 3x

EBITDA margins at Rs 95% vs 93.5%

PAT Rs 842 Cr vs Rs 99.3 Cr, up 8x

All results are Consol & comparable YoY


PAT at Rs 57 Cr vs 51 Cr up 11.8%

NII at Rs 250 Cr vs 209 Cr up 19.6%

Non-Interest Income at Rs 75 Cr vs 64 Cr, up 17.2%

Operating Profit at Rs 123 Cr vs 109 Cr, up 12.8%

Net Interest Margin at 4.12% vs 3.95% YoY

All results are comparable YoY


Net Sales up 36% at Rs 214.5 Cr Vs Rs 157.6 Cr

EBITDA up 3.1x at Rs 59.8 Cr Vs Rs 19.4 Cr

EBITDA Margin at 27.9% V 12.3%

Net Profit up 3.3x at Rs 36 Cr Vs Rs 11 Cr

Other Income up 36% at Rs 11.7 Cr Vs Rs 8.6 Cr

All figures are standalone and comparable YoY


Net Sales up 6.9% at Rs 254.8 Cr Vs Rs 238.4 Cr

EBITDA up 80% at Rs 70.1 Cr Vs Rs 39 Cr

EBITDA Margin at 27.5% vs 16.4%

Net Profit up 2.3x at Rs 43.2 cr vs Rs 18.8 cr

All figures are comparable YoY


AUM at Rs 44971 Cr Vs Rs 37505 Cr, Up 20%

Disbursements at Rs 5731 Cr Vs Rs 4812 Cr, Up 19%

Total Income at Rs 1411 Cr Vs Rs 1134 Cr, Up 24%

Calc NII at Rs 645 Cr Vs Rs 419 Cr, Up 54%

PAT at Rs 105 Cr Vs Rs 67 Cr, Up 56%

All results are comparable YoY

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