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Jindal Steel & Power’s Q1 consolidated net dips 2%

29 Jul 2011 Evaluate

Jindal Steel & Power has reported results for the quarter ended June 30, 2011.

The company’s net profit for the quarter has registered growth of 7.91% at Rs 470.16 crore as compared to Rs 435.69 crore for the quarter ended June 30, 2010. Its total Income has increased by 19.52% at Rs 2543.18 for Q1FY12 million from Rs 2127.80 crore for Q1FY11.

On consolidated basis, the Group’s net profit has declined by 2.44% at of Rs 918.79 crore for the quarter as compared to Rs 941.82 crore for the similar quarter of the last fiscal. Its total Income has shot up by 31.98% at Rs 3972.51 crore for the quarter from Rs 3009.92 crore for the June quarter of the previous year.

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