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SAIL Q1 results: Net profit declines 79% to Rs 804 cr; revenue rises 16%

The company said its crude steel output was at 4.33 million tonne, up from 3.77 MT in same quarter of the preceding financial year

SAIL
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A man stands next to an advertisement of Steel Authority of India Ltd. (SAIL) at a street in New Delhi. Photo: Reuters

Press Trust of India
State-owned SAIL on Wednesday posted a 79 per cent fall in its consolidated net profit to Rs 804.50 crore during the June quarter dragged by higher expenses.

It had clocked Rs 3,897.36 crore in the April-June period of 2021-22 fiscal, Steel Authority of India Limited (SAIL) said in a regulatory filing.

The company's total income rose to Rs 24,199.51 crore from Rs 20,754.75 crore in the year-ago quarter.

Its expenses grew to Rs 23,295.23 crore as against Rs 15,604.07 crore a year ago.

The company, in a separate statement, said its crude steel output was at 4.33 million tonne (MT),

(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.)

Topics : SAIL result

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