MoneyWorks4Me

SAIL reports 22% fall in Q3 consolidated net profit

13 Feb 2024 Evaluate

Steel Authority of India (SAIL) has reported results for third quarter ended December 31, 2023 (Q3FY24).

The company has reported 28.51% fall in its net profit at Rs 331.40 crore for the third quarter ended December 31, 2023 as compared to Rs 463.54 crore for the same quarter in the previous year. Total income of the company decreased by 6.51% at Rs 23524.02 crore for Q3FY24 as compared Rs 25162.63 crore for corresponding quarter of the previous year. 

On consolidated basis, the company has reported 22% fall in net profit at Rs 422.92 crore for Q3FY24 as compared to Rs 542.18 crore for the same quarter in the previous year. Total income of the company decreased by 6.55% at Rs 23492.33 crore for Q3FY24 as compared Rs 25140.16 crore for corresponding quarter of the previous year.

Peers
Company Name CMP
JSW Steel 1230.00
Tata Steel 183.40
Steel Authority 173.15
Jindal Stainless 724.60
APL Apollo Tubes 2115.85
View more..