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Steel Exchange India Ltd has posted a net profit of Rs 6.89 crore for the second quarter ended September 30, 2015 against Rs 7.25 crore in the corresponding quarter last year.
The company has posted a total income of Rs 427.48 crore during the second quarter against Rs 388.08 crore in the corresponding second quarter last fiscal.
With the amalgamation of Simhadri Power with the company, the numbers for the quarter and six months ended September 2015 are not comparable.
For the financial year ended March 31, 2015, the company has posted a net profit of Rs 28.45 crore and total income of Rs 1,565.36 crore.
Following the amalgamation of the power unit in November 2014, the company has identified the sale of power as separate business other than the sale of steel.
The company results were announced on Saturday.
The company shares ended higher by 9.36 per cent at Rs 38.55 on the BSE.
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