Jindal Steel & Power Ltd’s clocks net profit of Rs 305.62 cr for Q4FY20

New Delhi: Jindal Steel & Power Ltd’s consolidated net profit stood at Rs 305.62 crore for the fourth quarter of the 2019-20 fiscal against a net loss of Rs 2,713.34 crore in the same quarter of the previous fiscal. The consolidated revenue from operations of the company fell to Rs 9,664.39 crore in the fourth quarter of 2019-20 fiscal as compared to Rs 11,236.10 crore in the corresponding quarter of the previous fiscal.

The consolidated net loss of the company for the entire fiscal 2019-20 narrowed to Rs 399.70 crore as compared to Rs 2,411.52 in the previous fiscal. The revenue from operations for the entire 2019-20 fiscal fell about 8 percent to Rs 40,813.28 crore as compared to Rs 43,620.42 crore in the previous financial year, the company said in a regulatory filing.

The iron and steel business sof the company clocked revenue of Rs 7,712.74 crore on a consolidated basis for the fourth quarter of 2019-20 fiscal. The same was Rs 8,911.88 crore in the same period of the previous fiscal.

The power business of the company clocked revenues of Rs 1,704.37 crore on a consolidated basis for the fourth quarter of 2019-20 fiscal. The same was Rs 1,798.40 crore in the same period of the previous fiscal.

The total expenses of the company were Rs 8,355.59 crore on a consolidated basis for the fourth quarter of 2019-20 fiscal. The same was Rs 11,850 crore in the same period of the previous fiscal.

The total expenses of the company were Rs 37,080.17 crore on a consolidated basis for the entire fiscal 2019-20. The same was Rs 40,711.11 crore in the previous fiscal. 

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