SAIL’s net profit falls by 84% in Q1 FY24
Time:Wed, 16 Aug 2023 06:53:40 +0800
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Steel Authority of India Limited (SAIL), an Indian state-owned steel company, reported that the company’s consolidated net profit was Rs 212.5 crore in the first quarter of the fiscal year 2023-24, falling by 84% compared to the corresponding period a year earlier.
During the period, SAIL’s revenue totaled Rs 24,359.1 crore, a slight year-on-year increase of 1.4%. EBITDA fell by 28.4% year on year to Rs 1,648 crore, and EBITDA margin was 6.8%, compared to 9.6% in the same quarter a year ago.
