Jindal Steel Q2 cons net profit drops marginally

Jindal Steel & Power has announced the following results for the quarter ended September 30, 2011:

Standalone Results:

The Company has posted a net profit of Rs395.79 crore for the quarter ended September 30, 2011 as compared to Rs478.17 crore for the quarter ended September 30, 2010, registering a decline of 17.22%. Total Income has increased by 44.93% to Rs3341.53 crore for the quarter ended September 30, 2011 from Rs2305.61 crore for the quarter ended September 30, 2010.

Consolidated Results:

The Group has posted a net profit of Rs875.38 crore for the quarter ended September 30, 2011 as compared to Rs881.57 crore for the quarter ended September 30, 2010, posting a fall of 0.70%. Total Income rose by 44.15% to Rs4448.47 crore for the quarter ended September 30, 2011 from Rs3085.83 crore for the quarter ended September 30, 2010.