JSPL shares zoom 10 pc after strong Q4 results
Shares of Jindal Steel and Power Ltd (JSPL) on Tuesday rallied 10 per cent after the company reported a consolidated net profit of Rs 305.62 crore during the quarter ended March 31, 2020.
By : migrator
Update: 2020-05-26 09:46 GMT
New Delhi
The stock advanced 9.95 per cent to Rs 106 on BSE.
On NSE, it jumped 9.93 per cent to Rs 106.20.
JSPL on Monday reported a consolidated net profit of Rs 305.62 crore during the quarter ended March 31, 2020.
The company had posted a net loss of Rs 2,713.34 crore in the year-ago quarter, JSPL said in a BSE filing.
However, its total income during the quarter under review was lower at Rs 8,835.23 crore as against Rs 10,158.95 crore in the same period a year ago.
Total expenses stood at Rs 8,355.48 crore in March 2020 quarter as compared to Rs 11,850.61 crore in the corresponding period of the preceding fiscal.
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