Jindal Steel announces Q2 results

Jindal Steel & Power Ltd has announced the following Unaudited results for the quarter ended September 30, 2009:

The Company has posted a net profit of Rs 3050.10 million for the quarter ended September 30, 2009 as compared to Rs 4500.00 million for the quarter ended September 30, 2008. Total Income has decreased from Rs 22310.80 million for the quarter ended September 30, 2008 to Rs 16187.00 million for the quarter ended September 30, 2009.

The Unaudited Consolidated Results are as follows

The Group has posted a net profit of Rs 8083.60 million for the quarter ended September 30, 2009 as compared to Rs 7622.50 million for the quarter ended September 30, 2008. Total Income has decreased from Rs 28817.70 million for the quarter ended September 30, 2008 to Rs 24904.10 million for the quarter ended September 30, 2009.