Steel Authority of India is currently trading at Rs. 171.85, up by 2.70 points or 1.60% from its previous closing of Rs. 169.15 on the BSE.

The scrip opened at Rs. 170.00 and has touched a high and low of Rs. 173.40 and Rs. 166.45 respectively. So far 1880493 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 173.40 on 21-May-2024 and a 52 week low of Rs. 80.50 on 26-May-2023.

Last one week high and low of the scrip stood at Rs. 173.40 and Rs. 150.90 respectively. The current market cap of the company is Rs. 70239.58 crore.

The promoters holding in the company stood at 65.00%, while Institutions and Non-Institutions held 19.04% and 15.96% respectively.

Steel Authority of India (SAIL) has reported results for fourth quarter (Q4) and year ended March 31, 2024.

The company has reported 3.60% fall in its net profit at Rs 1,011.22 crore for the quarter under review as compared to Rs 1,049.02 crore for the same quarter in the previous year. Total income of the company decreased by 4.41% at Rs 28,311.35 crore for Q4FY24 as compared Rs 29,618.05 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported 2.89% fall in its net profit at Rs 1,125.68 crore for fourth quarter ended March 31, 2024 as compared to Rs 1,159.21 crore for the same quarter in the previous year. Total income of the company decreased by 3.89% at Rs 28,271.94 crore for Q4FY24 as compared Rs 29,416.39 crore for the corresponding quarter previous year.

For the year ended March 31, 2024, the company has reported 43.60% rise in its net profit at Rs 2,733.11 crore as compared to Rs 1,903.07 crore for the previous year. Total income of the company increased by 0.78% at Rs 1,06,622.66 crore for year under review as compared to Rs 1,05,802.20 crore for year ended March 31, 2023.

For the year ended March 31, 2024, on the consolidated basis, the company has reported 40.90% rise in its net profit at Rs 3,066.67 crore as compared to Rs 2,176.53 crore for the previous year. Total income of the company increased by 0.99% at Rs 1,06,445.29 crore for year under review as compared to Rs 1,05,398.08 crore for year ended March 31, 2023.