SAIL Q3 net profit down 23% at Rs 484.30 crore

SAIL Q3 net profit down 23% at Rs 484.30 crore New Delhi: State-run Steel Authority of India (SAIL) on Tuesday reported a 23.38 percent fall in net profit at Rs 484.30 crore for the three months ended December 31, 2012.

The entity had a net profit of Rs 632.12 crore in October-December quarter of 2011, SAIL said in a regulatory filing to the stock exchanges.

The steel producer firm's total income from operations also declined to Rs 10,670.12 crore in the third quarter ended December 31, 2012 from Rs 10,728.79 crore in the year-ago period.

Shares of SAIL were trading 0.43 percent lower at Rs 80.55 apiece on the BSE.

PTI