JSW Steel back in black with Rs 430 cr profit

Sajjan Jindal-led JSW Steel has reported a consolidated net profit of Rs 429.7 in the quarter ended December, 31, 2009 crore as against a net loss of Rs 187.8 crore in the same quarter last year.

Total Income has increased to Rs 4,926.21 crore for the quarter under review from Rs 3,319.97 crore in the previous quarter.

JSW Steel, the country's largest private sector steel maker by domestic capacity, is a part of OP Jindal Group.

The company's Q3 consolidated net sales were up at Rs 4,796 crore versus Rs 3,269 crore, year-on-year.