Categories Earnings, Industrials
Steel Authority of India Ltd Q4FY23 results out, revenue drops by 5%
Steel Authority of India Limited (SAIL) is one of the largest steel-making companies in India and one of the Maharatnas of the country’s Central Public Sector Enterprises. SAIL produces iron and steel at five integrated plants and three special steel plants, located principally in the eastern and central regions of India and situated close to domestic sources of raw materials. SAIL manufactures and sells a broad range of steel products.
- Steel Authority of India Ltd reported Total revenue for Q4 FY23 of ₹29,131 Crore, down from ₹30,759 Crore year on year depicting a decline of 5%.
- Total Expenses for Q4 FY23 of ₹26,206 Crore down, from ₹26,421 Crore year on year, a decline of 1%.
- Consolidated Net Profit of ₹1,159 Crore, down 53% from ₹2,479 Crore in the same quarter of the previous year.
- The Earnings per Share is ₹2.81, down 53% from ₹6 in the same quarter of the previous year.
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