Ispat Q2 net at Rs 2cr vs Q1 loss of Rs 363cr

Ispat Industries swung back to profit in the second quarter ended Sepember 30, 2006 when it reported a net profit of Rs 2.32 crore as against a net loss of Rs 363 crore in Q2FY06.

According to a release issued by the company to the BSE today, total income increased 53.62% to Rs 1,892.71 crore from Rs 1,232.18 crore in Q2FY06.