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Jisco bottomline up 127% to Rs 46 cr


Our Corporate Bureau  |  Mumbai 

Jindal Iron & Steel Company (Jisco) has recorded a 126.8 per cent jump in its net profit at Rs 46.07 crore, compared with a net profit of Rs 20.31 crore registered in the corresponding quarter of the previous year.
Net sales rose 32.1 per cent to Rs 595.3 crore, (Rs 450.49 crore). Exports rose 27.3 per cent at Rs 433.31 crore (Rs 340.2 crore). During the first quarter of 2004-05, the company's production of galvanised products and galvanised coils was at 1.61 lakh tonne.
The company has repaid a debt of Rs 41 crore in the first quarter. The interest cost is lower by 21 per cent at Rs 15.57 crore (Rs 19.63 crore). The debt-equity ratio after the first quarter is at 0.62: 1.