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JSPL logs Rs 110 crore profit in June quarter

Private steel maker Jindal Steel & Power Ltd (JSPL) has reported a Rs 109.89 crore consolidated net profit for the quarter ended June 30, 2018, as against a loss of Rs 421.43 crore during the same quarter a year ago. Total income during April-June 2018 rose to Rs 9,665.35 crore from Rs 6,126.61 crore in the year-ago period. Total expenses were at Rs 9,401.68 crore, higher from Rs 6,636.71 crore in the year-ago period. On a standalone basis, JSPL clocked a profit of Rs 332.24 crore in the reported quarter as against a loss of Rs 177.73 crore in the year-ago period. JSPL said its crude steel output during the said period grew 30% to 1.65 million tonnes (MT) from 1.27 MT in June quarter of 2017-18. In Oman, its subsidiary Jindal Shadeed produced 0.43 MT crude steel as against 0.36 MT in the year-ago period.

Read More at The Economic Times News date : 9 Aug 2018, Thursday

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