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.
{{^htLoading}} {{/htLoading}}
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.
Stay updated with the latest Business News, stock market updates, petrol and diesel prices, gold and silver rates, income tax updates and major developments from India and across the world.
Stay updated with the latest Business News, stock market updates, petrol and diesel prices, gold and silver rates, income tax updates and major developments from India and across the world.
Advertisement
{{/htLoading}}{{#usCountry}}