| JSPL Q1 net profit up 2% |
| Our Corporate Bureau / New Delhi July 31, 2006 |
| Jindal Steel & Power (JSPL) today announced a 1.92% increase in net profit at Rs 153.09 crore for the first quarter ended June 30, 2006 when compared with Rs 150.21 crore in Q1FY06. Net sales went up 5.08% to Rs 666.19 crore from Rs 633.99 crore in Q1FY06. "Despite falling prices, we were able to sustain growth because of higher productivity and capaciaty expansions. Though the prices of iron ore has kept going up, this was somewhat offset by the fall of coking coal prices," Sushil Maroo, director (finance) of JSPL, said. Segment wise, a majority of the company |
