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SAIL Q1 Results: 84.4% YoY fall in net profit at Rs 212.5 crore
The state-owned Steel Authority of India Ltd (SAIL) reported on Thursday that its net profit for the first quarter that ended on June 30, 2023, fell by 84.4% YoY, at Rs 212.5 crore.
SAIL had a net profit of Rs 805 crore for the comparable period last year, the company said in a regulatory filing.
Total revenue for the quarter was Rs 24,359.1 crore, an increase of 1.4% above Rs 24,028 crore during the same time the year before.
EBITDA decreased by 28.4% to Rs 1,648 crore in the first quarter of this fiscal year compared to Rs 2,301 crore in the same time last year.
EBITDA margin was 6.8% in the reporting quarter as opposed to 9.6% in the same period of the prior fiscal year.
The results were announced after the market had closed.
Source: Media Reports
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