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SAIL Q1 results preview: Phillip Capital sees profit falling 99 per cent to Rs 9.30 crore against Rs 776.33 crore in the year-ago quarter. It sees revenue falling 1 per cent YoY to Rs 23,735 crore.
Sequentially, net profit increased 179 percent from Rs 643 crore in the quarter ended March 2023 amid softening in liquefied natural gas prices and resumption in gas supplies ....
The company intends to not depend on one country for more than 1-2 MTPA of volumes to protect itself from supply disruptions and sudden increase in spot prices. ....