Jindal Steel

New Delhi, May 27: Jindal Steel and Power Ltd today said its net profit for the fourth quarter ended March 31, 2008 increased 92.5 per cent to Rs 390.33 crore as compared to Rs 202.77 crore for the corresponding quarter a year ago. The company said in a statement that its Q4FY08 total income jumped 44.1 per cent to Rs 1,547.79 crore whereas it was Rs 1,074.05 crore in the same period last year.

Jindal Steel and Power's profit after tax for the year ended March 31, 2008 increased nearly 76 per cent to Rs 1,236.96 crore as compared to Rs 702.99 crore for the year ended March 31, 2007. Its FY08 total income witnessed a hike of 53.8 per cent to Rs 5,459.87 crore from Rs 3,548.78 crore last fiscal.

The Group posted a net profit after tax of Rs 1,249.59 crore, on consolidated basis, for the year ended March 31, 2008 whereas it was Rs 699.05 crore for the year ended March 31, 2007, recording an increase of 78.75 per cent.

Its total income for FY08 grew 56.1 per cent to Rs 5,538.73 crore from Rs 3,548.80 crore last fiscal.

Jindal Steel&Power's Board of Directors recommended final dividend at the rate of 250 per cent, that is Rs 2.50 per equity share of Re one each on 15,39,61,340 equity shares.

UNI