JSW Steel’s Q4 net falls 10%

Steelmaker JSW Steel has reported a 9.62% fall in standalone net profit at Rs 752 crore for the quarter ended March 2012. It was Rs 832 crore in the corresponding period a year ago. However, total income was up 33.91% at Rs 9,593 crore as against Rs 7,164 crore in March 2011.

For the financial year ended March 2012, JSW Steel’s standalone net profit dipped 19.10% to Rs 1,626 crore from Rs 2,010 crore in the previous financial year. Total income was up 36.86% though at Rs 32,302 crore as against Rs 23,602 crore in FY11.

The company announced a dividend of Rs 7.50 (75%) for every per share of Rs 10.