JSW Steel Ltd.

JSW Steel has reported results for the fourth quarter and year ended March 31, 2016.

The company has posted a rise of 97.21% in its net profit at Rs 372.19 crore for the quarter ended March 31, 2016 as compared to Rs 188.73 crore for the same quarter in the previous year. However, total income of the company has decreased by 14.21% at Rs 9560.51 crore for quarter under review as compared to Rs 11143.46 crore for the quarter ended March 31, 2015.

On consolidated basis, the company has posted a jump of around three fold in its net profit after taxes, Minority Interest & Share of Profit of Associates at Rs 171.25 crore for the quarter ended March 31, 2016 as compared to Rs 62.38 crore for the corresponding quarter in the FY15. However, total income of the company declined 14.58% at Rs 10778.29 crore for quarter under review as compared to Rs 12618.00 crore for the same quarter ended previous year.

For the year ended March 31, 2016, the company has posted a net loss of Rs 3498.28 crore as compared to a net profit of Rs 2166.48 crore for the same period in the previous year. Total income of company decreased 20.49% at Rs 37017.11 crore for year under review as compared to Rs 46554.09 crore for the period ended March 31, 2015.

For the year ended March 31, 2016, on the consolidated basis, the company has posted a net loss after taxes, Minority Interest & Share of Profit of Associates of Rs 741.95 crore as compared to a net profit of Rs 1796.57 crore for the same period in the previous year. Total income of company has decreased by 20.79% at Rs 42047.09 crore for year under review as compared to Rs 53082.95 crore for the period ended March 31, 2015.