SAIL Q4 Profit dips 2% to Rs 1126 crore

(20 second reading) SAIL reported a marginal 2 per cent fall in consolidated net profit to Rs 1,126.68 crore (Rs 1,159.21-crore) during the March quarter, because of higher raw material prices.The company’s revenue from operations also fell to Rs 27,958.52 crore from Rs 29,130.66 crore in the March quarter of FY23.
For full fiscal year, SAIL saw its net profit growing to Rs 3,066.67 crore from Rs 2,176.53 crore in FY23. “The revenue from operations for the company has been the highest ever during FY24.
The board of the company has also approved a final dividend of Re 1 for FY24.