Sail’s quarterly revenue from operations was up about 8% at Rs13,617 crore, while total expenses rose 2.7% to Rs14,109 crore. Photo: Pradeep Gaur/MintBengaluru: Steel Authority of India Ltd posted a narrower second-quarter loss on Thursday, the tenth straight loss in a row. Net loss came in at Rs539 crore ($82.96 million) in the quarter ended 30 September, compared with a loss of Rs732 crore in the year-ago period. Analysts on average had expected the state-run company to post a loss of Rs273 crore, according to Thomson Reuters data. Quarterly revenue from operations was up about 8% at Rs13,617 crore, while total expenses rose 2.7% to Rs14,109 crore.

Source: Mint November 09, 2017 12:33 UTC