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Jindal Steel and Power Ltd (JSPL) on Thursday reported five per cent rise in consolidated net profit for the year ended March 31, 2011 at Rs 3,804 crore on higher sales.
The Naveen Jindal-led company had clocked Rs 3,634.56 crore net profit in 2009—10, JSPL said in a statement.
Turnover of the company rose to Rs 13,111.6 crore during FY’11 compared to Rs 11,091.54 crore in the year ago, it added.
On stand alone basis, JSPL’s net profit was up by 39 per cent to Rs 2,064.12 crore compared to Rs 1,479.68 crore in FY’10.
Net profit of the company went up by 18 per cent in the final quarter of the last fiscal to Rs 648.33 crore vis—a—vis Rs 548.99 crore and the turnover by 15 per cent to Rs 2,742.19 crore from Rs 2,388.83 crore in the same quarter of FY’10.
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