State-run steel major Steel Authority of India Ltd. has declared its fourth quarter financial results for the fiscal year 2009-10.

The company has posted a consolidated net profit of Rs 2,084.9 crore for the quarter that ended in 31st March, 2010.

The consolidated net profit was reported to be Rs 1,485.20 crore for the same quarter in the financial year 2008-09. This net profit figure has grown up by 40% in this quarter as compared to the same quarter in the last fiscal.

The total income of the firm are has rose to Rs 12,672.69 crore during the January-March period of fiscal year 2009-10. It was Rs 12,519.33 crore for the same quarter last year. There has been a marginal hike in total income of the firm in this year against last year.

The annual net profit of the company was reported to be gone up by Rs 6,754.37 crore for the year under review from Rs 6,170.40 crore last year with a hike of 9.4%.

The board has decided to recommend a dividend of Rs 1.70 per share for the financial year 2009-10 subject to the approval of the share holders.