Indian steelmaker Jindal Steel and Power Ltd (JSPL) has issued its consolidated financial results for the second quarter ended September 30 of the current Indian financial year.
Net profit was INR 8.91 billion ($179.6 million) in the three months in question, down 0.3 percent from INR 8.94 billion in the same period of 2010. JSPL also pointed out that sales jumped by 43.5 percent to INR 44 billion ($887.02 million) in the quarter, compared to INR 30.8 billion in the corresponding period of 2010.
According to JSPL's statement, during the quarter in question pig iron output decreased by two percent year on year, while sponge iron, pellet and steel products saw increases in output.