Steel Authority Of India disclosed a steep drop in standalone net profit for the quarter ended March 2015. During the quarter, the profit of the company declined 26.15% to Rs 3,342.20 million from Rs 4,525.80 million in the same quarter last year.
Total income for the quarter declined 13.29% to Rs 118,643.70 million, compared with Rs 136,835.60 million for the prior year period.
Earnings per share for the quarter stood at Rs 0.81, registering 26.36% decline over previous year period.
The board of directors today recommended a final dividend of Rs. 0.25 a share, in addition to the interim dividend of Rs. 1.75 a share already paid, for the financial year 2014-15, thus taking the total dividend to Rs. 2 a share of face value of Rs. 10 a share, subject to approval of sheholders in the AGM.
| Quarterly Results - Standalone (Rs in mn) |
| As at | Mar - 15 | Mar - 14 | %Change |
| Revenues | 118,643.70 | 136,835.60 | (13.29) |
| Net Profit | 3,342.20 | 4,525.80 | (26.15) |
| Diluted EPS | 0.81 | 1.10 | (26.36) |
Shares of the company were unchanged at Rs 65.90. The total volume of shares traded was 226,980 at the BSE (Friday).
