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Jindal Steel & Power reports 35% fall in Q3 consolidated net profit

28 Jan 2014 Evaluate

Jindal Steel & Power has reported results for third quarter ended December 31, 2013.

The company has reported 29.75% fall in its net profit at Rs 365.58 crore for the quarter as compared to Rs 520.47 crore for the same quarter in the previous year. Total income of the company has decreased by 1.23% at Rs 3777.65 crore for quarter under review as compared to Rs 3824.86 crore for the quarter ended December 31, 2012.

On the consolidated basis, the group has reported 35.25% fall in its net profit at Rs 561.51 crore for the quarter ended December 31, 2013 as compared to Rs 867.27 crore for the same quarter in the previous year. However, total income of the company has increased by 11.89% at Rs 5385.18 crore for quarter under review as compared to Rs 4812.84 crore for the quarter ended December 31, 2012.

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