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Jindal Steel Q1 Results: Company Swings Back To Profit
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Jindal Steel Q1 Results: Company Swings Back To Profit
Jindal Steel Ltd. recorded a consolidated profit of Rs 1,494 crore in the quarter ended June as compared to a net loss of Rs 339 crore in the previous quarter. The loss in the last quarter was due to exceptional loss of Rs 1,229.5 crore.Revenue decreased 6.7% year-on-year for the three months ended June, reaching Rs 12,294.48 crore. Operating income, or earnings before interest, taxes, depreciation, and amortisation, rose 32% year-on-year to Rs …
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