The weaker domestic steel prices are also arising from increased competition from China. SAIL’s consolidated revenue from operations stood at Rs 27,958.52 crore, down 4 per cent from the previous year.
Net NPA also halved to 4.04 per cent during the reporting quarter from 8.03 per cent in the corresponding period of the previous year.
Its Net Interest Income grew by 17 per cent (YoY) to reach Rs 1,420 crore, the bank said in a statement.
The consolidated order book of the group stood at Rs 3,27,354 crore as on March 31, 2021, registering a growth of eight per cent over the year-ago period.
State Bank of India (SBI) had registered a profit of Rs 838.4 crore during January-March period of 2018-19, the lender said in a regulatory filing.
The bank, majority owned by Life Insurance Corporation of India (LIC), had posted a net loss of Rs 4,918 crore in the corresponding period of last year.
The bank registered a net profit of Rs 650.87 crore during January-March, 2018-19.
