SAIL said in a BSE filing that its total income declined 13 percent to Rs 11,684 crore in the January-March quarter of the last fiscal, from Rs 13,684 crore in the year-ago period, it added.
     
On the fall in net profit, SAIL Chairman and Managing Director C S Verma told "If you look at results SAIL's performance in the fourth quarter has been market leading. The profits declined due to a gain of Rs 1,056 crore in 2013-14 fiscal that the firm got by winning a commercial dispute."
     
In 2013-14, the firm's profit included receipt of Rs 1,056 crore from miner Vale, Australia on account of a favourable arbitration/court award in a commercial dispute. SAIL's profit and sales margins are best compared to the results for the last quarter, Verma said.
     
For the entire 2014-15 fiscal, SAIL's net profit fell by 20 percent to Rs 2,093 crore, from Rs 2,616 crore in 2013-14 fiscal. Its total income for the year declined marginally to Rs 46,695 crore, from Rs 47,513 crore.

SAIL's crude steel production grew by 2 percent to 13.91 MT in 2014-15 fiscal, from 13.58 MT in 2013-14. Hot metal production grew by 7 percent to 15.41 MT from 14.45 MT and saleable steel output was almost flat at 12.84 MT from 12.88 MT during the same period.

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