Steel Authority of India Ltd.'s consolidated net profit declined 31% in the second quarter of the current financial year.
The steel manufacturing company posted a profit of Rs 897 crore in the July–September quarter as compared to Rs 1,306 crore in the same period last year, according to an exchange filing on Thursday.
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SAIL Q2 Earnings Highlights (Consolidated, YoY)
Revenue down 17% to Rs 24,675 crore versus Rs 29,712 crore.
Ebitda down 25% to Rs 2,913 crore versus Rs 3,876 crore.
Margin narrows 120 basis points to 11.8% versus 13%.
Net profit down 31% to Rs 897 crore versus Rs 1,306 crore.
(This is a developing story)
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