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JSPL Q2 net up 11% to Rs 894.24 cr

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Press Trust of India Mumbai

Jindal Steel & Power (JSPL) today reported 11 per cent jump in consolidated profit at Rs 894.24 crore for the second quarter this fiscal.

The steel-maker had a net profit of Rs 808.36 crore in the the same period last year, according to a filing by the company to the Bombay Stock Exchange.

Net sales soared by 25 per cent to Rs 3,077.95 crore in the period under review against Rs 2,455.58 crore in the same period last year, it said.

Shares of the company were trading at Rs 706.60, down 1.22 per cent from the previous close, during intra-day on the Bombay Stock Exchange.

 

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First Published: Oct 26 2010 | 4:42 PM IST

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