JSW ISPAT Steel has reported results for fourth quarter and year ended June 30, 2012.
On standalone basis, the company has reported a net profit of Rs 478.24 crore for the quarter ended June 30, 2012, against net loss of Rs 1135.13 crore for the corresponding period last fiscal. Total income increased by 20.63% at Rs 2973.06 crore during the quarter under review from Rs 2464.66 crore in the year-ago period.
For the full year ended June 30, 2012 the company has reported a net loss of Rs 316.92 crore for the quarter ended June 30, 2012, against net loss of Rs 1805.88 crore in the last fiscal. However, total income increased by 34.90% at Rs 11104.11 crore from Rs 8231.21 crore in the year-ago period.
For the full year ended June 30, 2012, on consolidated basis, the company has reported a net loss of Rs 263.64 crore for the year ended June 30, 2012, against net loss of Rs 1872.29 crore in last fiscal. However, total income increased by 34.90% at Rs 11104.11 crore from Rs 8231.21 crore in the year-ago period.
