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Last Updated : Apr 25, 2018 06:48 PM IST | Source: PTI

Jindal Stainless Q4 net profit drops 29%

The company's standalone net profit was Rs 161.12 crore in the January-March quarter of the previous fiscal, 2016-17, JSL said in a BSE filing.

 
 
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Jindal Stainless Ltd (JSL) today reported 28.7 percent decline in standalone net profit to Rs 114.74 crore for the March quarter on the back of higher expenses.

The company's standalone net profit was Rs 161.12 crore in the January-March quarter of the previous fiscal, 2016-17, JSL said in a BSE filing.

Its total income during the quarter under review grew to Rs 3,183.3 crore, from Rs 2,481.41 crore in the year-ago-period.

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JSL's total expenses increased to Rs 2,983.62 crore, over Rs 2,267.03 crore a year ago.

However, JSL's net profit for 2017-18 registered five-fold jump to Rs 318.27 crore over Rs 58.34 crore in 2016-17.

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First Published on Apr 25, 2018 06:45 pm
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