Jindal Steel & Power Ltd profit up 8%, exports zoom 54%

• Net Profit after tax up 8% to Rs.157.23 Crores (Rs.145.53 Cr)*
• Net Sales up by 23% to Rs.789.64 Crores (Rs.642.48 Cr)*
• Exports up by 54% to Rs.170.34 Crores (Rs.110.81 Cr)*
• Cash Profit has increased by 22% to Rs.254.84 Crores (Rs.209.42 Cr)*

Note: * - figures in brackets are for 2nd quarter of the financial year 2005-2006 Production:

JSPL has shown good growth in production of all its major products. The production of Sponge Iron was at 302,761 MT against 234,624 MT in Q2 last year. The power generation was at 692.16 million kWh compared to 533.60 million kWh in the same period last year.

Source : Equity Bulls

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