Offshore drilling services provider Jindal Drilling and Industries today reported a 48.5 per cent rise in net profit to Rs 23.72 crore for the third quarter of FY'11.
The company recorded a net profit of Rs 15.97 crore in the October-December quarter last fiscal, it said in a statement to the Bombay Stock Exchange (BSE).
Net sales of the company, however, dipped to Rs 265 crore from Rs 278.97 crore in the third quarter of the previous fiscal.
Jindal Drilling's scrip was trading at Rs 445 per share at 1320 hours on the BSE today, up 0.71 per cent from the previous day's close.Jindal Drilling Q3 net up 48% to Rs 24 cr