SAIL Q1 Results: Net profit slumps 93% YoY to Rs 11 crore on weak pricing, exceptional item
MUMBAI – Steel Authority of India’s profit nosedived nearly 93% on year to Rs 11 crore in the June quarter as pricing was hit by cheap imports into the country, and the steel-maker had an exceptional loss of Rs 312 crore. The state-owned company sold 4.01 million tonne of steel during the quarter, up more…