SAIL Q4 profit after tax higher at Rs.1901.88 crores

Steel Authority of India Ltd (SAIL) has announced the audited financial results for the quarter & year ended March 31, 2007. The results for the Quarter ended March 31, 2007 are as follows: The Company has posted a net profit after tax of Rs 19018.80 million for the quarter ended March 31, 2007 where as the same was at Rs 11032.00 million for the quarter ended March 31, 2006. Total (net of excise) is Rs 106238.70 million for the quarter ended March 31, 2007 where as the same was at Rs 91553.10 million for the quarter ended March 31, 2006.

The results for the Year ended March 31, 2007 are as follows: The Company has posted a net profit after tax of Rs 62022.90 million for the year ended March 31, 2007 where as the same was at Rs 40129.70 million for the year ended March 31, 2006. Total Income (net of excise) is Rs 358654.20 million for the year ended March 31, 2007 where as the same was at Rs 293390.10 million for the year ended March 31, 2006.

The Unaudited consolidated results for the Year ended March 31, 2007 are as follows: The Company has posted a net profit after minority interest of Rs 62614.30 million for the year ended March 31, 2007 where as the same was at Rs 40676.00 million for the year ended March 31, 2006. Total Income (net of excise) is Rs 361942.00 million for the year ended March 31, 2007 where as the same was at Rs 296320.10 million for the year ended March 31, 2006.

The figures for the year ended March 31, 2006 consolidated results are Audited. The provision for income-tax for the current quarter is not comparable with the corresponding quarter of the previous year due to the benefit of brought forwards losses and unabsorbed depreciation of erstwhile wholly owned subsidiary company, Indian Iron & Steel Company Ltd, merged with the Company during the corresponding quarter of previous year.

Source : Equity Bulls

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