JSPL announces Q1 results
Jindal Steel & Power Limited has announced the following unaudited results for the quarter ended June 30th 2009.
It has posted a net profit of INR 3000.6 million for the quarter ended June 30th 2009 as compared to INR 4023.0 million for the quarter ended June 30th 2008. Total income has decreased from INR 19027.4 million for the quarter ended June 30th 2008 to INR 15926.6 million for the quarter ended June 30th 2009.
The consolidated results are as follows
The Group has posted a net profit of INR 9884.7 million for the quarter ended June 30th 2009 as compared to INR 4436.7 million for the quarter ended June 30th 2008. Total income has increased from INR 21803.8 million for the quarter ended June 30th 2008 to INR 27862.2 million for the quarter ended June 30th 2009.
JSPL sold significantly higher quantities of steel in the current quarter. However, the operating income was impacted in some measure by lower steel prices.
| Product | Q1'09 | Q1'08 | Change |
| Metallic (DRI & Pig Iron) | 678,109 | 641,388 | 5.7% |
| Steel Products* | 758,225 | 674,892 | 12.4% |
| Power (million kWh) | 2,821 | 1,648 | 71.2% |
* Slabs/Bloom/Billets/Structurals & Rails/Universal Plate/Coil
http://www.steelguru.com/news/index/2009/07/31/MTA0ODA2/JSPL_announces_Q1_results.html
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