Jindal Saw disclosed a sharp rise in standalone net profit for the quarter ended June 2014. During the quarter, the profit of the company rose 4.27 times to Rs 649.00 million from Rs 152.10 million in the same quarter last year.
Net sales for the quarter declined marginally 4.80% to Rs 11,490.70 million, compared with Rs 12,070.10 million for the prior year period.
Earnings per share for the quarter stood at Rs 1.99, registering 3.86% decline over previous year period.
Quarterly Results - Standalone (Rs in mn) |
As at | Jun - 14 | Jun - 13 | %Change |
Net Sales | 11,490.70 | 12,070.10 | (4.80) |
Net Profit | 649.00 | 152.10 | 326.69 |
Basic EPS | 1.99 | 2.07 | (3.86) |
Shares of the company gained Rs 1.9, or 2.3%, to settle at Rs 84.60. The total volume of shares traded was 1,950,652 at the BSE (Thursday).