Go Ad-Free
    My Alerts
    Moneycontrol
    Moneycontrol PRO
    HomeNewsBusinessEarningsJindal Steel and Power returns to black; posts Rs 267.58 crore net profit in June quarter

    Jindal Steel and Power returns to black; posts Rs 267.58 crore net profit in June quarter

    During April-June 2020, the company's total income declined to Rs 9,281.88 crore from Rs 9,945.58 crore in the year-ago quarter, JSPL said in a BSE filing on Wednesday.

    PTI
    July 22, 2020 / 16:13 IST

    Jindal Steel and Power Ltd (JSPL) swung into black, posting a consolidated net profit of Rs 267.58 crore for the first quarter ended June 30, helped by reduced expenses. The company had clocked Rs 87.40 crore consolidated net loss in the same quarter a year ago.

    During April-June 2020, the company's total income declined to Rs 9,281.88 crore from Rs 9,945.58 crore in the year-ago quarter, JSPL said in a BSE filing on Wednesday.

    JSPL's expenses during the quarter under review came down to Rs 8,880.69 crore from Rs 9,935.12 crore in April-June period of 2019-20.

    PTI
    first published: Jul 22, 2020 04:11 pm

    Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

    Subscribe to Tech Newsletters

    • On Saturdays

      Find the best of Al News in one place, specially curated for you every weekend.

    • Daily-Weekdays

      Stay on top of the latest tech trends and biggest startup news.

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347