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JSW Steel reports stellar Q1 numbers

26 Jul 2011 Evaluate

JSW Steel has reported the results for the quarter ended June 30, 2011.

The company has posted 65.11% increase in net profit at Rs. 578.32 crore for the quarter ended June 30, 2011 as compared to Rs. 350.27 crore for the same quarter last year. Total Income has increased from Rs. 4680.24 crore for the quarter ended June 30, 2010 to Rs. 7086.26 crore for the quarter ended June 30, 2011 up by 51.41%.

On consolidated basis the group has posted 64.26% rise in net profit at Rs. 485.16 crore for the quarter ended June 30, 2011 as compared to Rs. 295.37 crore for the same quarter last year. Total Income has increased from Rs. 4858.09 crore for the quarter ended June 30, 2010 to Rs. 7455.67 crore for the quarter under review, up by 53.47%.

Peers
Company Name CMP
JSW Steel 1345.20
Tata Steel 187.00
Steel Authority 176.40
Jindal Stainless 713.00
APL Apollo Tubes 2250.00
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