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SAIL reports 22% fall in Q3 net profit

12 Feb 2013 Evaluate

Steel Authority of India (SAIL) has reported results for third quarter ended December 31, 2012.

The company has reported 22.37% fall in its net profit at Rs 701.62 crore for the quarter as compared to Rs 903.76 crore for the same quarter in the previous year. Total income from operation of the company has decreased marginally by 0.55% at Rs 10670.12 crore for quarter under review as compared to Rs 10728.79 crore for the quarter ended December 31, 2011.

Steel Authority of India has approved declaration of interim dividend at Rs 1.60 per share of the face value of Rs 10 per share of the company for the Financial Year 2012-13. The date of payment of dividend will be February 19, 2013.

Peers
Company Name CMP
JSW Steel 1230.00
Tata Steel 183.40
Steel Authority 173.15
Jindal Stainless 724.60
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