SAIL Q1 net down 11.55% to Rs 1,176 cr

SAIL Q1 net down 11.55% to Rs 1,176 cr

 
The company had posted a net profit of Rs 1,330.43 crore in the same quarter a year ago. SAIL quantified the increase in input cost at Rs 556 crore of which Rs 368 crore was on account of imported coal. The company’s net sales for reporting period stood at Rs 9,133.32 crore as against Rs 9,163.41 crore in first quarter last fiscal. However, SAIL is positive on the demand picking up in the coming months.