Jindal Steel Q4 net profit at Rs.202.77 crores, recommends 240% dividend

Jindal Steel & Power Ltd has announced the financial results for the quarter & year ended March 31, 2007. The Unaudited results for the Quarter ended March 31, 2007 are as follows: The Company has posted a net profit of Rs 2027.70 million for the quarter ended March 31, 2007 as compared to Rs 1506.60 million for the quarter ended March 31, 2006. Total Income (net of excise) has increased from Rs 6804.80 million for the quarter ended March 31, 2006 to Rs 10740.50 million for the quarter ended March 31, 2007.

The Audited results for the Year ended March 31, 2007 are as follows: The Company has posted a net profit of Rs 7029.90 million for the year ended March 31, 2007 as compared to Rs 5729.40 million for the year ended March 31, 2006. Total Income (net of excise) has increased from Rs 26177.60 million for the year ended March 31, 2006 to Rs 35487.80 million for the year ended March 31, 2007.

The Audited consolidated results for the Year ended March 31, 2007 are as follows: The Group has posted a net profit after tax & minority interest of Rs 7059.50 million for the year ended March 31, 2007 as compared to Rs 5829.30 million for the year ended March 31, 2006. Total Income (net of excise) has increased from Rs 26176.40 million for the year ended March 31, 2006 to Rs 35488.00 million for the year ended March 31, 2007.

The Board of Directors of the Company at its meeting held on May 21, 2007, inter alia, has recommended final dividend of 240% i.e. Rupees 12/- per equity share of Rs 5/- each on equity shares.

Source : Equity Bulls

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