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Jindal Steel & Power reports 47% fall in Q4 consolidated net profit

02 May 2014 Evaluate

The company has posted a fall of 9.76% in its net profit at Rs 430.83 crore for the quarter ended March 31, 2014 as compared to Rs 477.45 crore for the same quarter in the previous year. Total income of the company decreased by 12.15% to Rs 3820.56 crore for quarter under review as compared to Rs 4349.45 crore for the quarter ended March 31, 2013.

On consolidated basis, the company has reported 47.05% fall in its net profit at Rs 402.50 crore for the quarter ended March 31, 2014 as compared to Rs 760.23 crore for the same quarter in the previous year. Total income of the company has declined by 9.78% at Rs 5122.23 crore for quarter under review as compared to Rs 5677.52 crore for the quarter ended March 31, 2013.

For the year ended March 31, 2014, the company has posted a fall of 18.87% in its net profit at Rs 1291.95 crore as compared to Rs 1592.55 crore in the previous year. Total income of company has dipped by 2.80% at Rs 14690.88 crore for year under review as compared to Rs 15113.98 crore in the previous year.

For the year ended March 31, 2014, on the consolidated basis, the company has posted a fall of 34.35% in its net profit at Rs 1910.36 crore as compared to Rs 2910.11 crore for the same period in the previous year. However, total income of company has increased by 0.63% at Rs 20069.67 crore for year under review as compared to Rs 19943.20 crore in the previous fiscal.

Jindal Steel Share Price

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