SAIL reports 62% fall in Q1 consolidated net profit

Ace News

9th Aug 2024

Steel Authority of India (SAIL) has reported results for first quarter ended June 30, 2024 (Q1FY25). 

The company has reported 92.87% fall in net profit at Rs 10.68 crore for Q1FY25 as compared to Rs 149.83 crore for the same quarter in the previous year. However, total income of the company decreased by 2.43% at Rs 24,197.93 crore for Q1FY25 as compared to Rs 24,800.07 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported 61.51% fall in its net profit at Rs 81.78 crore for the quarter ended June 30, 2024 as compared to Rs 212.48 crore for the same quarter in the previous year. Total income of the company decreased by 2.61% at Rs 24,174.80 crore for Q1FY25 as compared to Rs 24,822.83 crore for the corresponding quarter previous year.