 "SAIL Q4 net profit falls 42% to Rs 468 crore due to higher expenses")
The country's largest steel maker SAIL on Thursday said its standalone net profit fell by 42.57 per cent to Rs 468.40 crore for the fourth quarter ended March 31, due to higher expenses.
The company had posted a standalone net profit of Rs 815.57 crore in the corresponding quarter previous fiscal, SAIL said in a regulatory filing.
In the March quarter, the standalone total income increased to Rs 18,752.36 crore from Rs 17,264.86 crore in the year-ago period.
The company's expenses were at 17,985.46 crore, higher from Rs 16,455.94 crore in the corresponding period of the preceding fiscal.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app