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Jindal Steel & Power reports consolidated net loss of Rs 308.11 crore in Q4FY18

10 May 2018 Evaluate

Jindal Steel & Power has reported results for the fourth quarter and year ended March 31, 2018.

Jindal Steel & Power Jindal Steel & Power has reported a net profit of Rs 145.08 crore for the quarter ended March 31, 2018 as compared to net loss of Rs 116.09 crore for the same quarter in the previous year. However, total income of the company increased by 26.29% at Rs 5751.62 crore for quarter under review as compared to Rs 4554.29 crore for the quarter ended March 31, 2017.

On consolidated basis, the company has reported net loss of Rs 308.11 crore for the quarter ended March 31, 2018 as compared to net loss Rs 49.51 crore for the corresponding quarter in the FY17. However, total consolidated income of the company increased by 27.11% at Rs 8599.28 crore for quarter under review as compared to Rs 6765.07 crore for the same quarter ended previous year.

For the year ended March 31, 2018, the company has posted net loss of Rs 361.61 crore as compared to net loss of Rs 986.45 crore in the previous year. However, total income of company increased by 13.03% at Rs 17523.04 crore for year under review as compared to Rs 15502.49 crore for the year ended March 31, 2017.

For the year ended March 31, 2018, on the consolidated basis, the company has posted net loss at Rs 1409.11 crore as compared to net loss of Rs 2281.28 crore for the previous year. However, total income of company increased by 22.63% at Rs 27844.25 crore for year under review as compared to Rs 22706.23 crore for the year ended March 31, 2017.

Jindal Steel Share Price

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