Net sales for the quarter increased 104 per cent to Rs 380.64 crore, which includes an income of Rs 47 crore from trading sales of export of iron ore fines.
Sandeep Jajodia, executive vice chairman and managing director, Monnet Ispat & Energy said, in the coming years the company would focus more on the energy business rather than steel.
The board has declared an interim dividend of 25 per cent per share.
The company has completed the 0.50 million tons of sponge iron plant and 90 Mw of power at Raigarh.
