MUMBAI (Reuters) - State-owned Steel Authority of India
SAIL, India's largest domestic steel producer, said December quarter net profit fell to 4.84 billion rupees from 6.3 billion a year earlier. Net sales fell marginally to 104.95 billion rupees.
Analysts on average had forecast a net profit of 5.7 billion rupees, according to Thomson Reuters Starmine data.
At 2.20 p.m. (0850 GMT), SAIL shares were trading 0.5 percent lower in a firm Mumbai market.
(Reporting by Prashant Mehra; Editing by Anand Basu)