Jindal Steel Q2 net up 18%

Jindal Steel and Power today reported a 17.85% increase in net profit at Rs 145.53 crore for the second quarter ended September 30, 2005 as against Rs 123.48 crore in the quarter ended September 30, 2004.

According to a release issued by Jindal Steel and Power to the BSE today, total income increased 24.22% to Rs 628.19 crore in Q2FY06 from Rs 505.68 crore in Q2FY05.

The board of directors cleared an interim dividend of 100% i.e. Rs 5 per equity share of Rs 5 each, the release added.