Jindal Stainless posts lower net profit of Rs.113.05 Crores

Jindal Stainless Ltd has announced the following Unaudited results for the quarter ended December 31, 2006:

The Company has posted a profit after tax of Rs 1130.50 million for the quarter ended December 31, 2006 where as the same was at Rs 209.40 million for the quarter ended December 31, 2005. Total Income (net of excise) is Rs 14513.80 million for the quarter ended December 31, 2006 where as the same was at Rs 7116.30 million for the quarter ended December 31, 2005.

The results for the corresponding period are not comparable as Orissa plant was not in operation during the corresponding period of the previous year.

Source : Equity Bulls

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