Jindal Steel & Power Q4 loss narrows to Rs 100 crore | business-news | Hindustan Times
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Jindal Steel & Power Q4 loss narrows to Rs 100 crore

Consolidated revenue from its iron and steel business rose 15% to Rs 5,261 crore

business Updated: May 23, 2017 14:35 IST
(Reuters photo)

Jindal Steel and Power said on Tuesday fourth-quarter consolidated loss narrowed, helped by higher revenue primarily from its iron and steel business.

Losses for the quarter ended March 31 narrowed to Rs 100 crore ($15.46 million), from a loss of Rs 636 crore a year earlier, the company said.

Analysts on average had expected the company to post a loss of Rs 439 crore in the March quarter, according to Thomson Reuters data.

Consolidated revenue from its iron and steel business rose 15% to Rs 5,261 crore.