Bajaj Steel Industries posted a net profit of INR 58.90 million for the quarter ended December 31st 2011 as compared to INR 11.26 million for the quarter ended December 31st 2010, representing sharp increase of 5.23 times.

The company’s total income has increased from INR 726.2 million for the quarter ended December 31st 2010 to INR 1053.1 million for the quarter ended December 31st 2011, representing an increase of 45.01%.

(Sourced from IRIS.com)