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Jindal Steel & Power reports 27% fall in FY13 consolidated net profit

25 Apr 2013 Evaluate

Jindal Steel & Power has reported results for the year ended March 31, 2013.

The Company has reported 24.54% drop in FY13 net profit at Rs 1592.55 crore as compared to Rs 2110.65 crore for the year ended March 31, 2012. The company’s total income has increased by 11.80% at Rs 15113.98 crore for the year as compared to Rs 13518.43 crore for the previous year.

On consolidated basis, the Group’s net profit after taxes, minority interest and share of profit of associates declined by 26.60% at Rs 2910.11 crore for the year ended March 31, 2013 as compared to Rs 3964.89 crore for the year ended March 31, 2012. Total Income has increased by 8.67% to Rs 19943.20 crore for the year under review from Rs 18350.53 crore in the previous fiscal.

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