Saturday, April 30, 2011

SAIL Q4 profit down 28% at Rs 1,507 cr

Largest integrated iron and steel producer in India, Steel Authority of India, SAIL has declared its fourth quarter results. The company's Q4 net profit was down 28% at Rs 1,507 crore versus Rs 2,085 crore, year-on-year, YoY.

Its net sales were up 10% at Rs 13,137 crore versus Rs 11,955 crore, YoY.

SAIL says
The company's Q4 net profit hit by high coking coal costs.
Its Q4 production was up 5% at 3.43 mt.
Its Q4 production capacity use was at 126%.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

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