JSW Ispat Special Products posts Rs 28 crore net loss in Dec quarter
JSW Ispat Special Products Limited on Wednesday posted a consolidated net loss of Rs 28.24 crore for the December 2021 quarter.
It had reported a net profit of Rs 29.49 crore in the year-ago quarter, the company said in a regulatory filing.
Its total income, however, increased to Rs 1,476.46 crore during the October-December quarter of the ongoing financial year, from Rs 1,163.61 crore in the year-ago period.
During the said quarter, the company saw its expenses soaring to Rs 1,504.70 crore against Rs 1,134.12 crore earlier.
In August 2018, a consortium of Mauritius-based Aion Investments Private Limited (AION) and JSW Steel Limited acquired Monnet Ispat and Energy Limited (MIEL) and later renamed it JSW Ispat Special Products Limited.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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