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Jindal Steel’s Q4 consolidated net surges 17%

28 Apr 2012 Evaluate

Jindal Steel and Power (JSPL) has reported a 16.50% growth in its consolidated net profit to Rs 1,167 crore for the quarter ended March 31, 2012, on increased steel and power sales. The company had reported a net profit of Rs 1,001.70 crore during the same quarter in FY11. The company’s net sales of went up by 42% in the last quarter to Rs 5,465.26 crore as compared to Rs 3,848.12 crore of the Q4 of FY11.

For the full year 2011-12, the company clocked a meager growth of 5% in its consolidated net profit to Rs 4,002.26 crore in comparison with Rs 3,804.01 crore of FY11. During the year, the net sales of the company were up 38.87% to Rs 18,151.41 crore.

Meanwhile, the company has kept a capex of about Rs 10,000 crore for the ongoing fiscal. As on March 31, 2012, the company has cash reserves of Rs 4,500 crore and debt of Rs 15,700 crore.

Jindal Steel Share Price

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