JSPL Nar­rows Loss in Q3 on Bet­ter Price Re­al­i­sa­tion

The Economic Times - - Companies: Pursuit Of Profit -

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.

KOLKATA

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