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Jindal Steel and Power fourth-quarter loss narrows
Highlights
Jindal Steel and Power (JNSP.NS) said on Tuesday fourth-quarter consolidated loss narrowed, helped by higher revenue primarily from its iron and steel business.
Jindal Steel and Power (JNSP.NS) said on Tuesday fourth-quarter consolidated loss narrowed, helped by higher revenue primarily from its iron and steel business.
Losses for the quarter ended March 31 narrowed to 1 billion rupees ($15.46 million), from a loss of 6.36 billion rupees a year earlier, the company said.
Analysts on average had expected the company to post a loss of 4.39 billion rupees in the March quarter, according to Thomson Reuters data.
Consolidated revenue from its iron and steel business rose 15 percent to 52.61 billion rupees.
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