25 Jun 2019 | 10:25 PM

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COMPANYNEWS
JSW Steel Q4 net profit down 21.92% at Rs 1745.00 cr
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Published on 05-24-2019
The company reported standalone net profit of Rs 1745.00 crore for the quarter ended March 31 2019 as compared to Rs 2235.00 crore in the same period last year registering a year-on-year decline of 21.92 per cent.


Net revenue of the company rose marginally by 1.61 per cent at Rs 19264.00 crore in January-March quarter of this fiscal as against Rs 18958.00 crore in the corresponding period last year.


During January-March quarter operating expenses increased by 4.80 per cent to Rs 15360.00 crore from Rs 14656.00 crore in year ago period.


Other Income grew by 13.70 per cent at Rs 83.00 crore versus (Mar`18 Rs 73.00 crore).


Operating Profit slipped by 13.92 per cent to Rs 4341.00 crore as against Rs 5043.00 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 15.30 per cent in March quarter.


Interest grew by 9.51 per cent y-o-y to Rs 956.00 crore while Taxation decreased by 30.07 per cent at Rs 858.00 crore (Mar`18 Rs 1227.00 crore).