Results

Announces Q3 results, Results Press Release & Limited Review Report for the Quarter ended December 31, 2013

| Updated on January 28, 2014 Published on January 28, 2014

JSW Steel Ltd has announced the following results for the quarter ended December 31, 2013:

The Unaudited results for the Quarter ended December 31, 2013

The Company has posted a net profit of Rs. 6521.50 million for the quarter ended December 31, 2013 where as the same was at Rs. 1367.30 million for the quarter ended December 31, 2012. Total Income is Rs. 120251.50 million for the quarter ended December 31, 2013 where as the same was at Rs. 83490.60 million for the quarter ended December 31, 2012.

The Consolidated Results are as follows :

The Unaudited results for the Quarter ended December 31, 2013

The Group has posted a net profit after Tax, Minority Interest & Share of Profit / (Losses) of Associates of Rs. 4664.90 million for the quarter ended December 31, 2013 where as the same was at net loss of Rs. (737.00) million for the quarter ended December 31, 2012. Total Income is Rs. 136372.10 million for the quarter ended December 31, 2013 where as the same was at Rs. 88961.20 million for the quarter ended December 31, 2012.

"on May 03, 2013, the Bombay High Court sanctioned a Composite Scheme of Amalgamation and Arrangement under sections 391 to 394 of the Companies Act, 1956 amongst JSW Steel Limited, JSW ISPAT Steel Limited, JSW Building Systems Limited, JSW Steel Coated Products Limited and their respective shareholders and creditors with effect from July 1, 2012, being the appointed date. The certified copy of the scheme is filed with the Registrar of Companies (RoC) on June 1, 2013. Accordingly, effect of the scheme is considered in the results for the quarter and nine months ended December 31, 2013. Consequent to the merger, the results are not fully comparable with corresponding periods of the previous year."

Source : BSE - >www.bseindia.com

Published on January 28, 2014
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