Inflation woes: SAIL posts 28% drop in Q4 profit on higher expenses

Steel giant SAIL has reported a 28 per cent fall in its consolidated net profit to ₹ 2,478.82 crore for the fourth quarter ended March 2022, mainly on account of higher expenses. The company had clocked ₹ 3,469.88 crore net profit during the January-March quarter of 2020-21, Steel Authority of India Ltd (SAIL) said in a regulatory filing on Monday. Full story

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