Home BusinessJindal Steel, Torrent Pharma & Great Offshore Q2 results
Jindal Steel net gets a power boost
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Naveen Jindal-promoted Jindal Steel and Power (JSPL) today reported a 6.04 per cent rise in net profit for the second quarter at Rs 808.36 crore over the same period a year ago, mainly on account of improved performance of its power subsidiary, Jindal Power.
“As much as 70 per cent of the profit came from our power business under Jindal Power Ltd. It continues to boost the parent company’s overall performance,” JSPL Deputy Managing Director Sushil Maru said.
Torrent Pharma net up 81%
Torrent Pharmaceuticals Ltd (TPL) posted an 81.39 per cent rise in net profit for the quarter ended September 30 at Rs 80.32 crore on the back of a 26 per cent rise in net sales that stood at Rs 352.62 crore for the reporting quarter.
Great Offshore net up 85.95% to Rs 31.39 cr
Offshore service provider, Great Offshore said its net profit rose by 85.95 per cent to Rs 31.39 crore for the quarter ended September 30, over the same period last year. Total income rose to Rs 228.69 crore in the September quarter, against Rs 179.29 crore in the year ago period last financial, Great Offshore said in a filing to the Bombay Stock Exchange.