The government-owned trading firm State Trading Corporation of India Ltd (STCIL) today said its net profit declined by 53.51% to Rs 18.4 crore for the fourth quarter ended March 31.
The company had reported a net profit of Rs 39.58 crore in the same period previous fiscal.
The company's net sales decreased to Rs 5,706.22 crore for the fourth quarter as compared to Rs 6,485.9 crore in the same period previous fiscal.
For the year ended March 31, the company posted a net profit of Rs 45.45 crore against Rs 106.95 crore in the last fiscal.
Its net sales for the year ended March 31, stood at Rs 19,906.55 crore in comparison to Rs 21,508.65 crore in the previous fiscal.
STC shares today closed at Rs 257.05 on the Bombay Stock Exchange, down 1.55% from its previous close.
