New Delhi: State-run Steel Authority of India Ltd (SAIL) on Thursday reported a 37% fall in its net profit at Rs1,486.68 crore during the fourth quarter ended 31 March.
The company had a net profit of Rs2,376.76 crore in the January-March quarter a year earlier, SAIL said in a filing to the Bombay Stock Exchange.
Total income of the company fell to Rs12,590.12 crore during the Q4 of FY’09 from Rs13,856.95 crore in the corresponding quarter a year ago, it said.
For the financial year ended 31 March, the steel producer posted a net profit of Rs6,174.81 crore, registering a fall of 18% compared to Rs7,536.78 crore in FY’08.
However, total income of SAIL rose to Rs46,110.75 crore during the 2008-09 fiscal from Rs41,518.74 crore in FY’08.