News Details

( As on 25/05/2020 19:10)

Jindal St & Pwr posts Q4 net profit of Rs 281.74 cr

The company reported standalone net profit during the quarter stood at Rs 281.74 crore compared to net loss of Rs 1154.24 crore in the previous year quarter.

Net revenue of the company declined moderately by 19.35 per cent at Rs 5,930.31 crore in January-March quarter of this fiscal as against Rs 7,353.15 crore in the corresponding period last year.

During January-March quarter, operating expenses dropped by 26.74 per cent to Rs 4,368.11 crore from Rs 5,962.41 crore in year ago period.

Operating Profit surged by 8.49 per cent to Rs 1,562.20 crore as against Rs 1,439.94 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 34.53 per cent in March quarter.

Interest declined by 36.45 per cent y-o-y to Rs 622.51 crore, while Taxation increased by 114.70 per cent at Rs 90.40 crore (Mar'19 Rs -614.85 crore).