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Jindal Steel & Power consolidated Q3 net profit increases by 6.55%

Jindal Steel & Power has announced the results for the quarter ended December 31, 2011.

The company has posted a net loss of Rs 461.07 crore for the quarter ended December 2011, down 8.14% from Rs 501.93 crore in the corresponding year-ago period. Its total income has increased by 36.85% to Rs 3298.32 crore for the quarter under review from Rs 2410.23 crore for the similar quarter of the previous year.

On consolidated basis, the group has posted a net profit of Rs 996.68 crore for the quarter ended December 2011, up 6.55% from Rs 935.43 crore in the corresponding year-ago period. Its total income has increased by 38.25% to Rs 4,400.26 crore for the quarter under review from Rs 3,182.70 crore for the similar quarter of the previous year.

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