Jindal Steel & Power net down 14%

Company's net sales rose 10% to Rs 4,801 crore in Q3 Fy13

Delhi-based Jindal Steel & Power posted a 14% drop in its net profit for the third  quarter of FY 2013 at Rs 869.44 crore as compared to Rs 1,015.88 crore in Q3 of FY12.

The company's net sales went up 10% at Rs 4801 crore in Q3 of FY13 as compared to Rs 4357 crore in the corresponding quarter of previous financial year.

The company's stock was trading at Rs 393.10, nearly 3.19% down from previous close.