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Jindal Steel

Written by: Staff
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Mumbai, June 7 (UNI) Jindal Steel&Power Ltd has posted a net profit of Rs 150.66 crore for the quarter ended March 31 this year as compared to Rs 146.70 crore for the quarter ended March 31 last year, a rise of 2.69 per cent.

Announcing the results, the company said its total income (net of excise) has increased from Rs 632.67 crore in Q4 FY 04-05 to Rs 680.48 crore for Q4 FY 05-06.

It has posted a net profit of Rs 572.94 crore for the year ended March 31 (FY 05-06) as compared to Rs 515.70 crore for the year ended March 31 (FY 04-05). Total Income (net of excise) has increased from Rs 2,282.15 crore in FY 04-05 to Rs 2,617.76 crore for FY 05-06.

The Board of Directors has recommended final dividend of 200 per cent, equivalent to Rs 10 per equity share of Rs 5 each on 3,07,92,268 equity shares. Dividend amount including corporate tax on dividend, works out to Rs 35.11 crore. It had also declared on October 31, an interim dividend at 100 per cent-- Rs 5 per share of Rs 5 each.

UNI SN KU AG1810

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