JSPL’s quarterly net profit plunges 50% to Rs 452 crore

Jindal Steel and Power on Wednesday reported 49.62 per cent drop in consolidated net profit at Rs 452.07 crore for the second quarter ended 30 September, 2013- 14, largely due to subdued sales and rise in finance costs.

The Naveen Jindal led company had reported net profit of Rs 897.28 crore in the July-September quarter of the previous fiscal, 2012-13.