Jindal Steel reports consolidated net loss of Rs 1082 crore in Q1

Jindal Steel & Power has reported results for first quarter ended June 30, 2016.

The company has reported a net loss of Rs 276.65 crore for the quarter ended June 30, 2016 as compared to a net loss of Rs 371.37 crore for the same quarter in the previous year. Total income of the company decreased marginally by 1.21% at Rs 3123.50 crore for quarter under review as compared to Rs 3161.80 crore for the quarter ended June 30, 2015.

On the consolidated basis, the company has reported net loss after taxes & minority interest at Rs 1082.15 crore for the quarter ended June 30, 2016 as compared to a net loss of Rs 542.42 crore for the same quarter in the previous year. Total Income of the company increased by 4.35% to Rs 4686.60 crore for quarter under review from Rs 4491.36 crore for the quarter ended June 30, 2015.