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Jindal Steel and Power Ltd (JSPL) on Tuesday reported a ₹1,154.24-crore loss for the fourth quarter of FY19. A company statement said the loss was on account of a write-off of differential royalty amount paid earlier in the year.
JSPL had reported a profit of ₹145.08 crore in Q4 FY18.
Total income during the period under review stood at ₹7,402.35 crore (₹ 5,751.62 crore).
Total income for the year ended March 31, 2019, stood at ₹27,730.42 crore while loss for the year stood at ₹262.90 crore. For the year ended March 2018, total income was ₹17,523.04 crore and loss was ₹361.61 crore.
The profit for FY19 includes ₹472.50 crore of early redemption price saving and write-off of expenses of discontinued projects of ₹217.04 crore, the company said.
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