Steel Authority of India (SAIL) has reported results for the quarter and year ended March 31, 2013.
The company has reported a decline of 71.68% in its net profit at Rs 446.53 crore in Q4FY13 as compared to net profit of Rs 1576.98 crore in the same quarter previous year. Total income from operation of the company has decreased by 9.90% to Rs 12330.42 crore as compared to Rs 13685.29 crore in corresponding quarter last year.
For the year ended March 31, 2013, the company has registered 38.74% decline in its net profit at Rs 2170.35 crore in FY13 as against Rs 3542.72 crore in previous years. Total income from operation of the company has declined by 3.75% to Rs 44598.26 crore as compared to Rs 46335.12 crore in FY12, up by 2.17%.
On consolidated basis, for FY13, the company’s net profit after taxes, Minority Interest and share of Profit / (Loss) of Associates dropped by 38.46% at Rs 2180.52 crore under year under review as compared to Rs 3543.35 crore in the previous year. The total income from operations has declined by 3.60% at Rs 44697.61 crore for year under review as compared to Rs 46365.88 crore for the period ended March 31, 2012.
Steel Authority of India (SAIL)’ board of directors, at its meeting held on May 30, 2013, have recommended a final dividend at the rate of Rs 0.40 per share (subject to approval of shareholders in the AGM), in addition to the interim dividend at the rate of Rs 1.60 per share already paid, for the financial year 2012-13, thus taking the total dividend to Rs 2.00 per share of face value of Rs 10 per share.
| Company Name | CMP |
|---|---|
| Tata Steel | 210.00 |
| JSW Steel | 1251.70 |
| SAIL | 178.00 |
| Jindal Stainless | 769.10 |
| APL Apollo Tubes | 2008.90 |
| View more.. | |
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