SAIL records highest ever revenue of Rs 105,375 crore in 2023-24

SAIL reported its highest-ever revenue at Rs 105,375 crore in FY 2023-24, up from Rs 104,447 crore the previous year. Despite a record in production and sales, Q4 net profit fell by 3% due to lower steel prices. The company also declared a final dividend of Rs 1 per share.

SAIL records highest revenue of 105,375 crore in 2023-2024

Government-owned Steel Authority of India Limited (SAIL) has recorded its highest-ever revenue from operations at Rs 105,375 crore during the financial year 2023-24. The company had recorded a revenue of Rs 104,447 crore in 2022-23, according to a company statement.   

“During FY 2023-24, the company has achieved its best-ever performance in production and sales. The crude steel production and sales volume have registered a growth of 5.2 per cent and 5.1 per cent respectively during FY’24 over the previous year,” according to a SAIL statement.