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.
