SAIL's revenue saw an uptick of 3% to Rs 26,704 crore compared to the last quarter's Rs 25,922 crore. (Source: Company website) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Steel Authority of India Ltd. (SAIL) reported a 44% sequential dip in its net profit in the second quarter of the current financial year.

The company reported a consolidated bottom line of Rs 419 crore against Rs 745 crore in the previous quarter, according to an exchange filing posted on Wednesday.

Its revenue saw an uptick of 3% to Rs 26,704 crore compared to the last quarter's Rs 25,922 crore.

Its earnings before interest, taxes, depreciation and amortisation saw a downturn of 8.7%, arriving at Rs 2,528 crore as opposed to Rs 2,769 crore in the previous quarter.

The margin contracted to 9.5% f

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