20 Jun 2019 | 3:52 PM

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COMPANYNEWS
Jindal St & Pwr posts Q4 net loss of Rs 1154.24 cr
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Published on 05-22-2019
The company reported standalone net loss during the quarter stood at Rs 1154.24 crore compared to net profit of Rs 145.08 crore in the previous year quarter. 


Net revenue of the company rose substantially by 28.95 per cent at Rs 7353.15 crore in January-March quarter of this fiscal as against Rs 5702.39 crore in the corresponding period last year.


During January-March quarter operating expenses increased by 40.86 per cent to Rs 5962.41 crore from Rs 4232.87 crore in year ago period.


Operating Profit slipped by 5.19 per cent to Rs 1439.94 crore as against Rs 1518.75 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 26.47 per cent in March quarter.


Interest grew by 42.71 per cent y-o-y to Rs 979.50 crore while Taxation decreased by 2585.25 per cent at Rs -614.85 crore (Mar`18 Rs 24.74 crore).