JSW Steel posts Rs430 crore net profit for December quarter
20 Jan 2010
JSW Steel, India's largest privately owned steel manufacturer, has reported a consolidated net profit of Rs429.7 crore in the quarter ended 31 December 2009, compared to a net loss of Rs187.8 crore in the same quarter last year.
Total Income has increased to Rs4,926.21 crore for the quarter from Rs3,319.97 crore in the previous quarter, the company stated in a filing with the Bombay Stock Exchange.
The Sajjan Jindal-led company, part of the O P Jindal Group, reported third quarter consolidated net sales at Rs 4,796 crore, against Rs3,269 crore in last year's period.
Its net sales increased 64.70 per cent to Rs4,587.6 million for quarter, against Rs2,785.53 crore for last year's quarter.