Steel Authority of India consolidated net profit declines 2.89% in the March 2024 quarter

Sales decline 4.02% to Rs 27958.52 crore

Net profit of Steel Authority of India declined 2.89% to Rs 1125.68 crore in the quarter ended March 2024 as against Rs 1159.21 crore during the previous quarter ended March 2023. Sales declined 4.02% to Rs 27958.52 crore in the quarter ended March 2024 as against Rs 29130.66 crore during the previous quarter ended March 2023.

For the full year,net profit rose 40.90% to Rs 3066.67 crore in the year ended March 2024 as against Rs 2176.53 crore during the previous year ended March 2023. Sales rose 0.89% to Rs 105378.33 crore in the year ended March 2024 as against Rs 104447.72 crore during the previous year ended March 2023.

ParticularsQuarter EndedYear EndedMar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var.Sales27958.5229130.66 -4 105378.33104447.72 1 OPM %12.4610.04 -10.587.70 - PBDT3299.362966.93 11 10181.027597.99 34 PBT1943.541602.26 21 4902.652634.45 86 NP1125.681159.21 -3 3066.672176.53 41

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