Jindal Worldwide Limited, a textile major of the city has posted a huge 279.3% growth in net profit (consolidated) for the quarter ended December 2006. The net profit has totaled Rs 5.55 crore against Rs1.46 crore for the corresponding period in 2005. Gross operating profit before depreciation and taxation but after interest amounted to Rs 6.05 crore. In 2005, this amount was Rs 2.71 crore.
Net earnings for the period are estimated at Rs 36.43 crore relative to Rs 30.46 crore during September-December 2005, registering a growth of 20%.
According to un-audited financial results (consolidated), for nine months of the current fiscal the net earnings and the net profit before tax were Rs 117 crore & Rs 12.36 crore respectively compared to net earnings of Rs 58 crore and Rs 5.44 crore in the same period in 2005.
