SAIL profit dips 2 pc to Rs 1,126 cr in Q4; grows to Rs 3,066 cr in FY24

SAIL profit dips 2 pc to Rs 1,126 cr in Q4; grows to Rs 3,066 cr in FY24

Steel Authority of India Ltd (SAIL) on Monday reported a marginal 2 per cent fall in consolidated net profit to Rs 1,126.68 crore during the March quarter, because of higher raw material prices.

It had posted a Rs 1,159.21-crore net profit in the year-ago period, the company said in an exchange filing.

The company's revenue from operations also fell to Rs 27,958.52 crore from Rs 29,130.66 crore in the March quarter of FY23.