Jindal Steel & Power Sinks to Loss in Fiscal Q4

MT Newswires Live

05-01

Jindal Steel & Power (NSE:JINDALSTEL, BOM:532286) sank to an attributable consolidated net loss of 3.39 billion rupees in the fiscal fourth quarter ended March 31 against a net profit of 9.35 billion rupees a year ago.

Loss per share came in at 3.35 rupees compared with the year-ago earnings per share of 9.34 rupees, according to a Wednesday filing to the Indian stock exchanges. Analysts polled by Visible Alpha estimated EPS to be at 16.75 rupees.

Revenue from operations in fiscal Q4 slipped to 131.83 billion rupees from 134.87 billion rupees a year earlier.

The company's board recommended a final dividend of 2 rupees per equity share of face value of 1 rupee each for the financial year 2024-2025.

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