Jindal Steel Q4 net rises 34%, declares 240% dividend

Jindal Steel Q4 net rises 34%, declares 240% dividend
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First Published: Mon, May 21 2007. 02 37 PM IST
Updated: Mon, May 21 2007. 02 37 PM IST
PTI
Mumbai: Jindal Steel and Power today posted 34.58% in net profit at Rs202.77 crore for the fourth quarter ended 31 March, as compared to Rs150.66 crore for the same period last year.
The total income (net of excise) grew 57.83% to Rs1,074.05 crore for the quarter from Rs680.48 crore for the corresponding quarter a year ago, Jindal Steel informed the Bombay Stock Exchange (BSE).
The board of directors at its meeting today declared a 240% final dividend of Rs12 on equity shares of Rs5 each.
The company further said its Plate Mill, with an installed capacity of one million tonne has been commissioned in April this year.
For the year ended 31 March, the company recorded a net profit of Rs702.99 crore as compared to Rs572.94 crore for the period under consideration last year.
The total income (net of excise) increased to Rs3,548.78 crore for the year from Rs2,617.76 crore a year ago.
The group has posted a net profit after tax and minority interest of Rs705.95 crore for the year ended 31 March, as against Rs582.93 crore for the previous year and total income (net of excise) increased to Rs3,548.80 crore from Rs2,617.64 crore for the period under consideration.
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First Published: Mon, May 21 2007. 02 37 PM IST
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