 "SAIL")
State-owned SAIL on Wednesday posted a 79 per cent fall in its consolidated net profit to Rs 804.50 crore during the June quarter dragged by higher expenses.
It had clocked Rs 3,897.36 crore in the April-June period of 2021-22 fiscal, Steel Authority of India Limited (SAIL) said in a regulatory filing.
The company's total income rose to Rs 24,199.51 crore from Rs 20,754.75 crore in the year-ago quarter.
Its expenses grew to Rs 23,295.23 crore as against Rs 15,604.07 crore a year ago.
The company, in a separate statement, said its crude steel output was at 4.33 million tonne (MT),
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