JSPL FY06 net up 11%, payout 200%

Jindal Steel & Power (JSPL) today reported a 11% jump in its bottom line for the year ended March 31, 2006.

According to a release issued by JSPL to the BSE today, the company FY06 net profit rose to Rs 572.94 crore when compared to Rs 515.70 crore in FY05. The total income grew 14.7% to Rs 2,617.76 crore from Rs 2,282.15 crore.

Further, the company's board has recommended a final dividend of 200%, ie a payout of Rs 10 per equity share on Rs 5each.