State-owned Steel Authority of India Ltd (SAIL) reported a 61.5% drop in consolidated net profit to Rs 81.78 crore for the April-June 2024 quarter, down from Rs 212.48 crore a year earlier. Total income fell to Rs 24,174.80 crore from Rs 24,822.83 crore, while expenses decreased slightly. Crude steel production remained at 4.67 million tonnes, and sales volume decreased to 3.88 million. The profit drop reflects reduced income and sales; focus on production and domestic growth may stabilize performance.
