SAIL Q3 net dips 56 pc at Rs 843 cr | business | Hindustan Times
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SAIL Q3 net dips 56 pc at Rs 843 cr

business Updated: Jan 27, 2009 15:42 IST

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State-run Steel Authority of India Ltd on Tuesday reported a 56.41 per cent decline in net profit at Rs 843.34 crore for the third quarter ended December 31, 2008.

The state-run entity had a net profit of Rs 1,934.66 crore in the December quarter of FY'08, SAIL said in a filing to the Bombay Stock Exchange.

The total income dipped 6.43 per cent at Rs 8,920.63 crore for the quarter under review, from Rs 9,533.29 crore in the same period last fiscal.

The board has declared an interim dividend of Rs 1.30 per share, at the rate of 13 per cent, on shares of face value of Rs 10.

For the nine-month ended December 2008, SAIL reported a net profit of Rs 4,688.13 crore, a 9.15 per cent decline over the year-ago period.

The total income during the period stood at Rs 32,150.64 crore, up by 20.25 per cent over the last fiscal.

Shares of SAIL were trading at Rs 72.70, up 1.61 per cent in the late afternoon trade on the BSE.