Jindal Iron & Steel posts Q4 financial results
Indian steel producer Jindal Iron & Steel has recently announced financial results of fourth quarter ended on March 31, 2004. Accordingly, company reported a net profit of Rupees 1.245 billion ($27 million) against Rupees 661 million ($14.3 million) recorded in the corresponding period of previous fiscal. Total income of the company is recorded as Rupees 6.96 billion ($151 million) against Rupees 5.33 billion ($115.6 million) recorded in the fourth quarter of previous fiscal. For the whole fiscal year ended on March 31, 2004, company reported a net profit of Rupees 2.427 billion ($52.6 million) against Rupees 1.209 billion ($26 million) recorded in the previous fiscal. Total income of the company is recorded as Rupees 22 billion ($477.4 million) against Rupees 15.5 billion ($336.3 million) recorded in the previous fiscal.