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JSPL shares zoom nearly 14% after company reports consolidated net profit of Rs 306 cr in Q4 – Firstpost



New Delhi: Shares of Jindal Steel and Power Ltd (JSPL) on Tuesday rallied nearly 14 p.c after the company reported a consolidated net profit of Rs 305.62 crore throughout the quarter ended on 31 March, 2020.

The inventory superior 13.38 p.c to shut at Rs 109.30 on the BSE. During the day, it zoomed 14.93 p.c to Rs 110.80.

On the NSE, it jumped 13.81 p.c to settle at Rs 109.95.

In phrases of quantity, 27.08 lakh shares had been traded on the BSE and 5.75 crore on the NSE.

JSPL on Monday reported a consolidated net profit of Rs 305.62 crore throughout the quarter ended on March 31, 2020.

The company had posted a net loss of Rs 2,713.34 crore in the 12 months-in the past quarter, JSPL mentioned in a BSE submitting.

However, its whole earnings throughout the quarter underneath evaluation was decrease at Rs 8,835.23 crore as in opposition to Rs 10,158.95 crore in the identical interval 12 months in the past.

Total bills stood at Rs 8,355.48 crore in March 2020 quarter as in comparison with Rs 11,850.61 crore in the corresponding interval of the previous fiscal.





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