JSPL Narrows Loss in Q3 on Better Price Realisation
JSPL managed to cut down its consolidated net loss by almost half in Q3FY17 to .₹ 455 crore, against a loss of .₹ 882 crore in Q3FY16 on higher production and sales and improved price realisation in its steel business, reports Rakhi Mazumdar. The company's consolidated revenues went up 25% to .₹ 5,408 crore during the quarter. EBIDTA went up to .₹ 1,277 crore against .₹ 542 crore in Q3FY16. JSPL's standalone net loss too narrowed to .₹ 187 crore in Q3FY17 against a loss of .₹ 519 crore in Q3FY16.