The fourth quarter results of Steel Authority of India (SAIL) have been declared.

The steel major has booked in commendable net profit and revenue in the three month period ended March 2010.

The company has booked a net profit of Rs 2,084.9 crore for the fourth quarter as compared to Rs 1,485.2 crore for the same quarter in the year previous to that.

The net profit saw an increase of 40.37%.

The total income of the company has amounted to Rs 12,672.69 crore for the fourth quarter which is an increase from the figures gathered last year for the same quarter. The last year figures amounted to Rs 12,519.33 crore.

For the full year, net profit surged 9.46% to Rs 6,754.37 crore as against Rs 6,170.4 crore for the year ended March 31, 2009.

Total income, however, dropped to Rs 43,233.26 crore because of lower sales realization in the last financial year.

Moreover, the company's directors have declared a final dividend of Rs 1.70 a share, in addition to the Rs 1.60 a share given already, taking the total dividend paid for the entire year to Rs 3.30 per share.

Meanwhile, the steel ministry said SAIL's expansion was affected by a delay in equipment pricing order and denied any controversy in the appointment of the next SAIL chairman and managing director. (With Inputs from Agencies)