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SAIL Q3 Results: Profit Drops 66% On Employee Wage Revision, Higher Costs

SAIL's net profit dropped 66% sequentially to Rs 1,443.1 crore in the three months to December.

Nickey Mirchandani
A coil of red hot wire rod cools at the steel mill. (Photographer: Andrey Rudakov/Bloomberg)

Steel Authority of India Ltd.’s third-quarter profit slumped, missing estimates, on staff costs and higher coking coal prices.

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