Jindal Steel net up 92.5% y-o-y

The firm had a net profit of Rs 202.77 crore in the fourth quarter of the previous fiscal, Jindal Steel said in a filing to the Bombay Stock Exchange.     

The total income rose to Rs 1,547.79 crore in the latest quarter, from Rs 1,074.05 crore in the corresponding period last fiscal.     

The company's board has declared a dividend of 250 per cent, at the rate of Rs 2.50 on shares of face value of Rs one, for 2007-08 fiscal.     

For the year ended March 31, the company announced a consolidated net profit of Rs 1,249.59 crore, a 78.76 per cent growth over the year-ago period.     

The company had a net profit of Rs 699.05 crore in FY07.     

The total income rose to Rs 5,538.73 crore in FY08, from Rs 3,548.80 crore in the previous fiscal.     

For the year ended March 31, the company announced a standalone net profit of Rs 1,236.96 crore, a 76 per cent growth over the year-ago period. The company had a net profit of Rs 702.99 crore in FY07.     

The total income rose to Rs 5,459.87 crore, from Rs 3,548.78 crore in FY07.     

Shares of Jindal Steel closed at Rs 2,205.45, down 4.01 per cent on the BSE.