SAIL Q4 profit jumps 40 pc to Rs 2,085 cr | business | Hindustan Times
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SAIL Q4 profit jumps 40 pc to Rs 2,085 cr

business Updated: May 28, 2010 17:50 IST

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State-run steel major SAIL, today, reported a jump of over 40 per cent in net profit to Rs 2,084.9 crore for the fourth quarter ended March, 2010, against Rs 1,485.20 crore in the corresponding period a year ago.

Total income of the company rose to Rs 12,672.69 crore in the January-March period of FY'10 from Rs 12,519.33 crore in the same quarter of the previous year, Steel Authority of India Ltd said in a filing to the Bombay Stock Exchange.

The company has declared a final dividend of Rs 1.70 per share, in addition to an already paid interim dividend of Rs 1.60 a share, for the 2009-10 financial year. For the full year ended March 31, the public sector major posted a net profit of Rs 6,754.37 crore, up 9.4 per cent from Rs 6,170.40 crore in FY'09. Shares of SAIL rose 3.5 per cent and were being traded at Rs 205.55 in late afternoon trade on the BSE.