Jindal Steel and Power reported 24.27 per cent rise in its net profit to Rs 1,536 crore for the fourth quarter of 2008-09 as against Rs 1,236 crore in the corresponding quarter of last fiscal.
Net sales grew by 41 per cent to Rs 7,646 crore as compared to Rs 5,394 crore in January-March 2008.
During the last financial year, net profit grew by 140 per cent to Rs 3,007 crore as compared to Rs 1,249 crore in 2007-08.
The company has also announced a final dividend of 550 per cent per equity share on shares of Re 1 each.
The scrip closed at Rs 2,081 on the Bombay Stock Exchange, up Rs 44.35 or 2.18 per cent.