Jindal Stainless Q4 net slumps 65 pc

Mumbai, Apr 29 (UNI) Jindal Stainless Ltd has posted a net profit of Rs 32.69 crore for the quarter ended March 31, 2006 as compared to Rs 92.89 crore for the corresponding quarter in the last fiscal year, a decline of 64.80 per cent.

Announcing the results, the company said its total income has decreased from Rs 954.01 crore in Q4 FY 05 to Rs 834.32 crore for Q4 FY 06.

It has posted a net profit of Rs 163.61 crore for the year ended March 31, 2006 as compared to Rs 245.85 crore for the previous fiscal year. Total income has increased from Rs 3200.71 crore in FY 05 to Rs 3218.15 crore for FY 06.

UNI SN PP SKB1907