Jindal South West Holdings has reported results for first quarter ended June 30, 2012.
On standalone basis, the company has posted a rise of 126.67% in its net profit at Rs 2.38 crore for the quarter ended June 30, 2012 as compared to Rs 1.05 crore for the same quarter in the previous year. Total income has increased by 85.26% at Rs 3.52 crore for quarter under review as compared to Rs 1.90 crore for the quarter ended June 30, 2011.
Jindal South West Holdings (JSWHL) was incorporated on July 12, 2001. It is a Non Banking Financial Company (NBFC) registered with Reserve Bank of India (RBI). JSWHL is an Investment Company of the JSW Promoters Group with investments in the Jindal group of companies, mainly in listed entities like Jindal Vijayanagar Steel, Jindal Steel & Power, Jindal Stainless, Nalwa Sons Investments and other companies.
