Monnet Ispat, a producer of sponge iron, steel, ferro alloys and power has reported good results for the March 2012 quarter. The topline of company has jumped by 20.1 per cent on a YoY basis to Rs 537 crore. The jump in the sales was mainly on account of the increase in the realisation of sponge iron, which grew by 23.2 per cent to Rs 24,159 per tonne.