JSW Steel Ltd.
5.05 (0.43%) JSW Steel’s Q1 consolidated net declines 89.77%
Date: 26-07-2012JSW Steel has reported results for first quarter ended June 30, 2012.
On standalone basis, the company has posted a fall of 53.49% in its net profit at Rs 269.00 crore for the quarter ended June 30, 2012 as compared to Rs 578.32 crore for the same quarter in the previous year. However, total income has increased by 28% at Rs 9109.87 crore for quarter under review as compared to Rs 7117.15 crore for the quarter ended June 30, 2011.
On consolidated basis, the company has posted a fall of 89.77% in its net profit at Rs 49.65 crore for the quarter ended June 30, 2012 as compared to Rs 485.16 crore for the same quarter in the previous year. However, total income has increased by 33.22% at Rs 9909.89 crore for quarter under review as compared to Rs 7438.69 crore for the quarter ended June 30, 2011.
JSW Steel is part of the JSW group which, in turn, is a part of the O P Jindal group. JSW Steel is one of the largest steel manufacturing companies in India having units in Karnataka and Maharashtra producing crude steel, long steel and flat steel products.