JSW ISPAT Steel gains 5.5% on strong Q4 numbers
JSW ISPAT Steel has declared its fourth quarter results. The comapny's Q4 net profit was at Rs 478 crore versus loss of Rs 1130 cr, YoY.
July 26, 2012 / 09:38 IST
JSW ISPAT Steel has declared its fourth quarter results. The comapny's Q4 net profit was at Rs 478 crore versus loss of Rs 1130 cr, YoY.
Its net sales were at Rs 2,855 crore versus Rs 2,412 crore, YoY.JSW Steel said that it will merge Ispat with itself once Ispat becomes profitable, reports PTI.JSW ISPAT Steel touched an intraday high of Rs 11.22 and an intraday low of Rs 10.60. At 09:16 hrs the share was quoting at Rs 10.80, up Rs 0.57, or 5.57%.
It was trading with volumes of 84,963 shares. In the previous trading session, the share closed down 6.06% or Rs 0.66 at Rs 10.23. JSW Steel touched an intraday high of Rs 675 and an intraday low of Rs 665.25. At 09:16 hrs the share was quoting at Rs 665.70, down Rs 3.45, or 0.52%. It was trading with volumes of 4,434 shares.
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