Domestic steel major SAIL on Friday saw its standalone net loss widen to ₹ 801.38 crore for the June quarter owing to higher expenses.
The steelmaker had clocked a net loss after tax of ₹ 535.52 crore in the corresponding quarter of 2016—17, the company said in a BSE filing.
Total standalone income of the Maharatna firm rose by 25.39 % to ₹13,072.77 crore in April—June this fiscal from ₹10,424.95 crore during the same quarter in 2016—17.
Its total expenses rose by 27.03 % to ₹ 14,349.89 crore in the quarter under review as against 11,296.16 crore in the year—ago period.
Shares of the company closed at ₹ 56.55 apiece on the BSE, down 3.99 % over the previous close.
