Jindal Steel shares fall over 4% on disappointing results

The scrip loses 4.29% to end at Rs.314.70 on BSE
PTI Mail Me
Comment E-mail Print Share
First Published: Fri, Apr 26 2013. 12 40 PM IST
Hit by rising interest burden and lower sales realizations, Jindal Steel’s consolidated net profit fell by nearly 35% to `760.27 crore for the quarter ended March 2013. Photo: Aniruddha Chowdhury/Mint
Hit by rising interest burden and lower sales realizations, Jindal Steel’s consolidated net profit fell by nearly 35% to Rs.760.27 crore for the quarter ended March 2013. Photo: Aniruddha Chowdhury/Mint
Updated: Fri, Apr 26 2013. 04 46 PM IST
Mumbai: Shares of Jindal Steel and Power Ltd (JSPL) on Friday fell by over 4% as the company’s consolidated net profit fell by nearly 35% for the quarter ended March.
After making a weak opening, shares of the company further lost 4.29% to Rs.314.70 on BSE. On the National Stock Exchange, the scrip fell 4.77% to a low of Rs.313.50.
Hit by rising interest burden and lower sales realizations, Jindal Steel’s consolidated net profit fell by nearly 35% to Rs.760.27 crore for the quarter ended March 2013.
The company had reported a net profit of Rs.1,167 crore in same quarter of previous fiscal. Net sales during the fourth quarter of 2012-13 reported growth of 2.16% at Rs.5,583.33 crore.
Comment E-mail Print Share
First Published: Fri, Apr 26 2013. 12 40 PM IST
blog comments powered by Disqus
  • Wed, Oct 29 2014. 04 15 PM
  • Wed, Oct 22 2014. 09 49 PM
Subscribe |  Contact Us  |  mint Code  |  Privacy policy  |  Terms of Use  |  Advertising  |  Mint Apps  |  About HT Media  |  Jobs
Contact Us
Copyright © 2014 HT Media All Rights Reserved