SAIL reports 27% fall in its FY11 net profit

25 Jun 2011 Evaluate

Steel Authority of India (SAIL) has reported results for the year ended March 31, 2011

The company’s net profit for the year ended March 31, 2011 has declined by 27.34% at Rs 4904.74 crore as compared to Rs 6754.37 crore for the year ended March 31, 2010. Its total income has increased by 3.79% at Rs 44873.43 crore for the year under review from Rs 43233.26 crore for the previous year.

On consolidated basis, the group’s profit has registered a fall of 27.29% at Rs 4937.73 crore for the year ended March 31, 2011 as compared to Rs 6790.78 crore for the year ended March 31, 2010. Its total income has inched up by 3.78% at Rs 44945.46 crore for the year from Rs 43308.06 crore for a period ago.

The company has informed recommended a final dividend of Rs 1.20 per share, in addition to the interim dividend of Rs 1.20 per share already paid, for the financial year 2010-11, thus taking the total dividend to Rs 2.40 per share of face value of Rs 10 per share, subject to approval of shareholders in the AGM.

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115.50 -2.10 (-1.79%)
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