*Jindal Steel & Power* announced a marginal rise in standalone net profit for the quarter ended December 2008, beating analysts` expectation.
During the quarter, the profit of the company rose 1.92% to Rs 3,251.70 million from Rs 3,190.50 million in the same quarter last year. The analysts polled by Bloomberg had estimated earnings of Rs 2,175 million for the quarter ended December 2008. Net sales for the quarter rose 27.62% to Rs 17,810.70 million, while total income for the quarter rose 27.29% to Rs 17,914.60 million, when compared with the prior year period. The company reported earnings of Rs 21.02 a share during the quarter, registering 1.45% growth over previous year period. *Quarterly Results - Standalone (Rs in mn)* *As at* *Dec - 08* *Dec - 07* *%Change* *Net Sales* 17,810.70 13,956.10 27.62 *Net Profit* 3,251.70 3,190.50 1.92 *Basic EPS* 21.02 20.72 1.45 During the quarter, the operating margin of the company dropped by 378.51 basis points to 34.36% compared with the previous year period. Interest cost increased 48.77% to Rs 743.40 million while depreciation cost fell 6.63% to Rs 1,109.20 million over previous year period. --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Kences1" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/kences1?hl=en -~----------~----~----~----~------~----~------~--~---
