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Jindal Steel reports consolidated net loss of Rs 1618.78 crore in Q3

04 Feb 2015 Evaluate

Jindal Steel & Power has reported results for third quarter ended December 31, 2014.

The company has reported a net loss of Rs 669.60 crore for the quarter under review as compared to a net profit of Rs 365.58 crore for the same quarter in the previous year. However total income of the company has increased marginally by 0.21% at Rs 3549.77 crore for Q3FY15 as compared Rs 3542.40 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a net loss of Rs 1618.78 crore for the Q3 FY15 as compared to a net profit of Rs 561.51 crore in Q3 FY14. The total income decreased 1.38% to Rs 5078.93 crore in the quarter under review as compared to Rs 5149.93 crore in the corresponding quarter previous year.

 

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