Mumbai: State-run Steel Authority of India Ltd on Tuesday reported a 56.41% decline in net profit at Rs843.34 crore for the third quarter ended 31 December 2008.
The state-run entity had a net profit of Rs1,934.66 crore in the December quarter of FY08, SAIL said in a filing to the Bombay Stock Exchange.
The total income dipped 6.43% at Rs8,920.63 crore for the quarter under review, from Rs9,533.29 crore in the same period last fiscal.
The board has declared an interim dividend of Rs1.30 per share, at the rate of 13%, on shares of face value of Rs10.
For the nine-month ended December 2008, SAIL reported a net profit of Rs4,688.13 crore, a 9.15% decline over the year-ago period.
The total income during the period stood at Rs32,150.64 crore, up by 20.25% over the last fiscal.
Shares of SAIL were trading at Rs72.70, up 1.61% in the late afternoon trade on the BSE.