New Delhi: Sajjan Jindal-led JSW Steel on Friday reported a pointy 87.42 p.c decline in consolidated internet profit to Rs 188 crore for the quarter ended on 31 March, 2020, primarily on account of lower-income.
The firm had posted a consolidated internet profit of Rs 1,495 crore within the 12 months-in the past quarter, JSW Steel stated in a BSE submitting.
JSW Steel’s Q4 earnings fall considerably from the identical quarter final 12 months.
Co’s board approves elevating up to Rs 14,000 cr through fairness and debt.
— CNBC-TV18 (@CNBCTV18Dwell) May 22, 2020
Consolidated total income throughout the January-March interval was at Rs 18,009 crore, down from Rs 22,421 crore in the identical quarter a 12 months in the past.
Total bills have been additionally down at Rs 17,056 crore from Rs 20,058 crore throughout the quarter ended March 2019.
JSW Steel is part of diversified JSW Group, which has a presence in metal, power, infrastructure, cement and JSW Ventures.