Tuesday 20 August 2019
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business-standard - 6 days ago

JSPL reports Rs 87 cr net loss in Jun quarter

Jindal Steel and Power Ltd (JSPL) on Wednesday reported a consolidated net loss of Rs 87 crore during the first quarter ended June 30, mainly due to higher expenses. The company had posted Rs 110-cr consolidated net profit during the same quarter a year-ago, JSPL said in a BSE filing. During April-June 2019, the company said its total income was at Rs 9,946 crore as against Rs 9,665 crore in the same period a year ago. The expenses during the period under review were at Rs 9,935 crore as compared to Rs 9,400 crore in April-June 2018. In a separate statement, JSPL said the company produced 1.85 million tonnes (MT) of crude steel, up 12 per cent from 1.65 million tonnes in the first quarter of previous fiscal. The company sold 1.84 MT of crude steel as compared 1.61 MT in the year-ago period, registering a rise of 14 per cent. In Oman, Jindal Shadeed reported production of 0.39 million tonnes of crude steel as against 0.43 million tonnes in the same quarter a year ago. In Mozambique, ...

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