Steel Authority of India Ltd (SAIL) has announced the following results for the quarter & year ended March 31, 2012
The Unaudited results for the Quarter ended March 31, 2012
The Company has posted a net profit after tax of Rs1576.98 crore for the quarter ended March 31, 2012 where as the same was at Rs1530.61 crore for the quarter ended March 31, 2011.
Total Income is Rs13907.53 crore for the quarter ended March 31, 2012 where as the same was at Rs12554.90 crore for the quarter ended March 31, 2011.
The Audited results for the Year ended March 31, 2012
The Company has posted a net profit after tax of Rs3542.72 crore for the year ended March 31, 2012 where as the same was at Rs4904.74 crore for the year ended March 31, 2011.
Total Income is Rs47897.52 crore for the year ended March 31, 2012 where as the same was at Rs44748.00 crore for the year ended March 31, 2011.
'The Ministry of Corporate Affairs, vide Order dated June 10, 2011, notified the approval of amalgamation of Maharashtra Elektrosmelt Limited (MEL), a subsidiary company, with the Company under Sections 391 to 394 of the Companies Act, 1956. As per the Scheme of Amalgamation, the Appointed Date of Amalgamation is April 01, 2010. The Amalgamation has been given effect to in accordance with the provisions of the Scheme of Amalgamation. Accordingly, as stipulated under the Scheme of Amalgamation, balance of the Profit & Loss Account of the MEL as on April 01, 2010, has been merged in the accounts of the Company. The profit after tax of MEL for the year 2010-11, has also been credited to the balance of the Profit and Loss Account of the Company. The financial results of the quarter / year ended March 31, 2011, do not include the figures of the erstwhile MEL and are, therefore, not comparable with those of the current quarter / year, which include the results of Chandrapur Ferro Alloy Plant, erstwhile MEL, consequent to its amalgamation with the Company.'
The Board of Directors of the company at its meeting held on May 29, 2012, has also recommended a final dividend @ Rs0.80 per share, in addition to the interim dividend @ Rs1.20 per share already paid, for the financial year 2011-12, thus taking the total dividend to Rs2.00 per share of face value of Rs10/- per share, subject to approval of shareholders in the AGM.
SAIL closed at Rs93.15, down by 0.27%, with a volume of 21.14 lakh shares on the BSE.
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The Unaudited results for the Quarter ended March 31, 2012
The Company has posted a net profit after tax of Rs1576.98 crore for the quarter ended March 31, 2012 where as the same was at Rs1530.61 crore for the quarter ended March 31, 2011.
Total Income is Rs13907.53 crore for the quarter ended March 31, 2012 where as the same was at Rs12554.90 crore for the quarter ended March 31, 2011.
The Audited results for the Year ended March 31, 2012
The Company has posted a net profit after tax of Rs3542.72 crore for the year ended March 31, 2012 where as the same was at Rs4904.74 crore for the year ended March 31, 2011.
Total Income is Rs47897.52 crore for the year ended March 31, 2012 where as the same was at Rs44748.00 crore for the year ended March 31, 2011.
'The Ministry of Corporate Affairs, vide Order dated June 10, 2011, notified the approval of amalgamation of Maharashtra Elektrosmelt Limited (MEL), a subsidiary company, with the Company under Sections 391 to 394 of the Companies Act, 1956. As per the Scheme of Amalgamation, the Appointed Date of Amalgamation is April 01, 2010. The Amalgamation has been given effect to in accordance with the provisions of the Scheme of Amalgamation. Accordingly, as stipulated under the Scheme of Amalgamation, balance of the Profit & Loss Account of the MEL as on April 01, 2010, has been merged in the accounts of the Company. The profit after tax of MEL for the year 2010-11, has also been credited to the balance of the Profit and Loss Account of the Company. The financial results of the quarter / year ended March 31, 2011, do not include the figures of the erstwhile MEL and are, therefore, not comparable with those of the current quarter / year, which include the results of Chandrapur Ferro Alloy Plant, erstwhile MEL, consequent to its amalgamation with the Company.'
The Board of Directors of the company at its meeting held on May 29, 2012, has also recommended a final dividend @ Rs0.80 per share, in addition to the interim dividend @ Rs1.20 per share already paid, for the financial year 2011-12, thus taking the total dividend to Rs2.00 per share of face value of Rs10/- per share, subject to approval of shareholders in the AGM.
SAIL closed at Rs93.15, down by 0.27%, with a volume of 21.14 lakh shares on the BSE.
....more info