Steel Authority of India Ltd Q3FY24; 22% fall in Profits

Steel Authority of India Limited (SAIL) is one of the largest steel-making companies in India and one of the Maharatnas of the countrys 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.

Financial Results:

Steel Authority of India Ltd reported Revenues for Q3FY24 of ₹23,349.00 Crores down from ₹25,042.00 Crore year on year, a fall of 6.76%.

Total Expenses for Q3FY24 of ₹23,141.00 Crores down from ₹24,825.00 Crores year on year, a fall of 6.78%.

Consolidated Net Profit of ₹423.00 Crores down 21.96% from ₹542.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹1.02, down 22.14% from ₹1.31 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.