CEO Speak:JSW Energy will return to profits, says LK Gupta

JSW Energy reported a loss of Rs109 crore in the July-Sept quarter compared to a net profit of Rs 84 crore which the company has posted in the year-ago period, but the company hopes to return to profits in the current quarter as it expects coal prices to fall and tariffs to rise.

November 10, 2011 / 21:18 IST

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Moneycontrol Bureau

JSW Energy reported a loss of Rs109 crore in the July-Sept quarter compared to a net profit of Rs 185 crore which the company has posted in the year-ago period, but the company hopes to return to profits in the current quarter as it expects coal prices to fall and tariffs to rise.

Giving an insight on the quarter gone-by, Lalit Kumar Gupta, joint managing director an CEO at JSW Energy in an interview to moneycontrol.com said,

first published: Nov 10, 2011 01:40 pm

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CEO Speak:JSW Energy will return to profits, says LK Gupta

JSW Energy reported a loss of Rs109 crore in the July-Sept quarter compared to a net profit of Rs 84 crore which the company has posted in the year-ago period, but the company hopes to return to profits in the current quarter as it expects coal prices to fall and tariffs to rise.

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