Steel Authority of India Limited (SAIL) reported a 66% drop in Q3 FY25 net profit to ₹142 crore due to higher expenses and increased cheap imports. Total income rose 5% to ₹24,723 crore, but expenses surged to ₹24,560 crore. The company remains optimistic about demand growth from infrastructure projects, while government interventions on steel imports could impact future profitability.
SAIL: Profit Drops 66% on Rising Costs
