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Jindal Steel and Power Ltd reported a 12 per cent drop in consolidated net profit for the second quarter of the fiscal 2014-15 on the back of higher interest cost and depreciation and amortisation charges. Net profit for the quarter stood at ₹ 400 crore as against ₹ 455 crore in the same quarter last year.
Net revenues for the quarter stood at ₹ 5,143 crore as against ₹ 4,852 crore in the same quarter last year.
On Tuesday, JSPL’s shares closed 5.55 per cent higher on the BSE at ₹ 170.15.
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