 "SAIL Q1 results: Consolidated net profit drops 74% to Rs 212 cr,")
State-owned SAIL on Thursday posted a 74 per cent fall in its consolidated net profit to Rs 212.48 crore in the April-June quarter, dragged by higher expenses.
It had clocked a net profit of Rs 804.50 crore in the April-June period of the preceding 2022-23 fiscal, the steel maker said in a regulatory filing.
The company's total income was at Rs 24,822.83 crore as against Rs 24,199.51 crore in the year-ago quarter.
Total expenses surged to Rs 24,598.06 crore from Rs 23,295.23 crore a year ago.
Steel Authority of India Ltd (SAIL), under the Ministry of Steel, is among the top four steel manufacturing companies in India.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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