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Jindal South West Holdings reports 34% fall in Q2 net profit

29 Oct 2012 Evaluate

Jindal South West Holdings has reported results for second quarter ended September 30, 2012. 

The company has posted a fall of 33.76% in its net profit at Rs 13.97 crore for the quarter ended September 30, 2012 as compared to Rs 21.09 crore for the same quarter in the previous year. Total income has decreased by 27.10% at Rs 17.51 crore for quarter under review as compared to Rs 24.02 crore for the quarter ended September 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.

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