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2 min read | Updated on February 13, 2025, 15:30 IST
SUMMARY
During the intraday trade, shares of SAIL were trading at ₹109.25 apiece on BSE, rising 3.26%. The company had touched its 52-week low of ₹99.20 on February 12, 2025
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SAIL reported over a 66% decline in consolidated net profit to ₹141.89 crore for the December quarter.
During the intraday trade, shares of SAIL were trading at ₹109.25 apiece on BSE, rising 3.26%. The company had touched its 52-week low of ₹99.20 on February 12, 2025.
India became a net importer of finished steel in the fiscal year ending March 2024, and shipments from China reached a record high between April and December.
The company, which is one of the largest steel producers in India, reported over a 66% decline in consolidated net profit to ₹141.89 crore for the December quarter, on account of increased expenses. It posted a ₹422.92 crore profit for the year-ago period.
The company's total income, however, rose to ₹24,723.43 crore from ₹23,492.33 crore in the same quarter a year ago.
Expenses surged to ₹24,560.47 crore from ₹23,140.81 crore in the year-ago period.
SAIL had reported a 31% fall in consolidated net profit at ₹897.15 crore in the September quarter of 2024, dragged down by lower income.
It had posted a ₹1,305.59 crore net profit in the period ended September 2023.
The company's total income decreased to ₹24,842.18 crore in the latest September quarter from ₹29,858.19 crore in the second quarter of the preceding 2023-24 financial year.
Its expenses stood at ₹23,824.07 crore as against ₹27,768.60 crore in the year-ago quarter.
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