The steel major had posted a profit of Rs 1,566.24 crore in the year-ago period.
Total income of the company declined to Rs 58,863.22 crore in the quarter from Rs 63,131.08 crore in the January-March period of FY23. Expenses dropped to Rs 56,496.88 crore in the period against Rs 59,918.15 crore a year ago. Its revenues decreased by 6 per cent due to lower realisations but were partly offset by higher volumes in India.
The company said exceptional items were primarily related to impairment of heavy end assets and restructuring cost relating to the UK business.
The board of the company has recommended a dividend of Rs 3.60 per equity share of face value Re 1 each for FY24.
This story is from the May 30, 2024 edition of The Free Press Journal.
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This story is from the May 30, 2024 edition of The Free Press Journal.
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