Jindal Steel Q3 net up 6.5% at Rs 997 cr

Posted By: Religare
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Jindal Steel Q3 net up 6.5% at Rs 997 cr
Jindal Steel & Power Ltd, leader manufacturer of iron and steel and part of the USD 12 billion Jindal Group, has posted a growth of 6.5 per cent in net profits for the quarter ended December 31, 2011 at Rs 996.68 crore.

The company had posted the net profit of Rs 935.43 crore during the same period a year ago, said the company in its filing to the Bombay Stock Exchange on January 18, 2012.

Meanwhile, the revenues of the company grew by 38.3 per cent to Rs 4,400.2 crore in Q3 FY12, as compared to Rs 3,182.7 crore during Q3 FY11.

Also revenues from Iron and Steel segment rose 47 per cent to Rs 3,406.79 crore in Q3 FY12 from Rs 2,318.79 crore in the Q3 FY11, while that of Power segment revenues came at Rs 1,155.22 crore, up by 9 per cent from the Rs 1,060.31 crore for the third-quarter in the previous year.

Dion Global Solutions Ltd

Read more about: results, revenue, jindal steel
Story first published: Thursday, January 19, 2012, 12:31 [IST]
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