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Jindal Steel Q1 net up 2-fold

Last Updated: Wednesday, July 29, 2009 - 15:49

Mumbai: Jindal Steel & Power on Wednesday reported
a two-fold increase in consolidated net profit at Rs 988.47
crore during the first quarter ended June 30, 2009.

Total income rose to Rs 2,786.22 crore during the June
quarter, from Rs 2180.38 crore in the corresponding period a
year ago, Jindal Steel said in a filing to the Bombay Stock

The board has approved the allotment of five bonus shares
of Rs one each for every share held in the company.

However, on a standalone basis, Jindal Steel posted a net
profit at Rs 300.06 crore, down 25.41 percent over the period
last year.

Total income decreased to Rs 1592.66 crore during the
quarter under review, from Rs 1902.74 crore in the year-ago

Bureau Report

First Published: Wednesday, July 29, 2009 - 15:49

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