Stocks

JSPL shares zoom 10 per cent after strong Q4 results

PTI New Delhi | Updated on May 26, 2020 Published on May 26, 2020

The overall growth in the eight sectors in the April-December 2019-20 period was marginal at 0.2 per cent and reflects stagnation in infrastructure industry   -  Bloomberg

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.

The stock advanced 9.95 per cent to Rs 106 on the 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 the March 2020 quarter as compared to Rs 11,850.61 crore in the corresponding period of the preceding fiscal.

Published on May 26, 2020
This article is closed for comments.
Please Email the Editor