PSU NEWS
SAIL Q4 profit marginally up 1.35 pc at Rs 452.58 crore
NEW DELHI . Steel Authority of India Ltd has reported a marginal 1.35 per cent increase in standalone net profit to Rs 452.58 crore in the quarter ended March 31, as expenses climbed.The state-owned company had posted a profit of Rs 446.53 crore in the January-March quarter of 2012-13.
Total expenses rose 10.37 per cent to Rs 12,804.67 crore from Rs 11,600.58 crore in the corresponding quarter of 2012-13, it said in a filing to the BSE.Total income climbed to Rs 13,509.21 crore from Rs 12,284.74 crore a year earlier.The steel giant registered an increase of 20.6 per cent in net profit to Rs 2,616 crore in FY14, up from Rs 2,170 crore in FY13, on a standalone basis.
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