Jindal Saw Ltd’s net profit tanks 91% to Rs 41 cr for Q4FY20

New Delhi: Jindal Saw Ltd’s consolidated net profit tanked 91 percent to Rs 41 crore for the fourth quarter of the fiscal 2019-20 as compared of Rs 502 crore in the corresponding quarter of the previous fiscal.

The company’s consolidated total income fell 15 percent to Rs 2,933 crore for the fourth quarter of the fiscal 2019-20 as compared to Rs 3,478 crore in the corresponding quarter of the previous fiscal.

The EBITDA was Rs 437 crore for the fourth quarter of the 2019-20 fiscal, the compnay said in a statement.

The company’s consolidated net profit dropped 38 percent to Rs 475 crore for the entire fiscal 2019-20 as compared to a net profit of Rs 776 crore in the previous fiscal.

The company’s consolidated total income went down 4 percent to Rs 11,736 crore for the entire fiscal 2019-20 as compared to Rs 12,263 crore in the previous fiscal.

The EBITDA for the whole of the last focal stood at Rs 1,631 crore.

 

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