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SAIL Q4 net dips 37% at
Rs 1,486 cr
| New Delhi, May 28, 2009
State-run Steel Authority of India Ltd (SAIL) reported
a 37 percent fall in its net profit at Rs 1,486.68 crore
during the fourth quarter ended March 31.
The company had a net profit of Rs 2,376.76 crore in
the January-March quarter a year earlier, SAIL said in a
filing to the Bombay Stock Exchange.
Total income of the company fell to Rs 12,590.12 crore
during the Q4 of FY'09 from Rs 13,856.95 crore in the
corresponding quarter a year ago, it said.
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For the financial year ended March 31, 2009, the steel
producer posted a net profit of Rs 6,174.81 crore, registering
a fall of 18 percent compared to Rs 7,536.78 crore in FY'08.
However, total income of SAIL rose to Rs 46,110.75 crore
during the 2008-09 fiscal from Rs 41,518.74 crore in FY'08.
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