SAIL Q2 net loss narrows to Rs 539 crore

New Delhi: Domestic steel major SAIL on Thursday said its standalone net loss narrowed to Rs 539.06 crore for the September quarter of the current fiscal.

The steelmaker had clocked a net loss of Rs 731.58 crore in the corresponding quarter of 2016-17, the company said in a BSE filing.

Total standalone income of the Maharatna firm rose by 8 per cent to Rs 13,666.05 crore in July-September period of this fiscal from Rs 12,645.76 crore during the similar quarter in 2016-17.

The company's total expenses also rose by 2.72 per cent to Rs 14,108.84 crore in the quarter under review as against 13,734.80 crore in the year-ago period.

Shares of the company closed 1.69 per cent higher at Rs 78.15 apiece on BSE on Thursday.