Jindal Steel & Power soars 10%; reports net loss of Rs87cr for Q1FY19

Consolidated revenue rose 2.9% yoy to Rs9,945cr.

Aug 14, 2019 09:08 IST India Infoline News Service

Shares of Jindal Steel & Power rose 10% after the co reported its Q1FY20 results.

Cons. revenue rose 2.9% yoy to Rs9,945cr. 

Cons. net loss was Rs87.4cr vs. net profit of Rs109.9cr for Q1FY18.

EBDITA margin was 22% in the quarter vs. 24% yoy.

Jindal Power made a net profit of Rs23cr in Q1FY20 vs. a loss of Rs134cr in the year-ago period.

Jindal Steel & Power Ltd is currently trading at Rs104.20 up by Rs9.45 or 9.97% from its previous closing of Rs94.75 on the BSE.

The scrip opened at Rs96.25 and has touched a high and low of Rs105.45 and Rs96.05 respectively. So far 3,48,30,057 (NSE+BSE) shares were traded on the counter.

The current market cap of the company is Rs9,664.65cr.

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