Jindal Drilling & Industries Ltd has announced its Financial Results for the period ended December 31st 2011. The company has posted net profit of INR 58.9 million for the quarter ended December 31st 2011 as compared to INR 237.2 million for the quarter ended December 31st 2010, representing a decrease of 75.17%.

The company’s total income was at INR 2007.5 million for the quarter ended December 31st 2011 where as the same was at INR 2637.7 million for the quarter ended December 31st 2010, representing a decrease of 23.89%.

The company has posted net profit of INR 516.1 million for the 9 months period ended December 31st 2011 as compared to INR 736.5 million for the 9 months period ended December 31st, 2010, representing a decrease of 29.93%.

The company’s total income was at INR 7235.5 million for the 9 months period ended December 31st 2011 where as the same was at INR 7900.9 million for the 9 months period ended December 31, 2010, representing a decrease of 8.42%.

(Sourced from Equity Bulls)