JSW Steel Q4 results: Consolidated profit shrinks 87% to Rs 188 cr; total income drops 20% to Rs 18,009 cr

New Delhi: Sajjan Jindal-led JSW Steel on Friday reported a sharp 87.42 percent decline in consolidated net profit to Rs 188 crore for the quarter ended on 31 March, 2020, mainly on account of lower-income. The company had posted a consolidated net profit of Rs 1,495 crore in the year-ago quarter, JSW Steel said in a BSE filing.

Consolidated total income during the January-March period was at Rs 18,009 crore, down from Rs 22,421 crore in the same quarter a year ago. Total expenses were also down at Rs 17,056 crore from Rs 20,058 crore during the quarter ended March 2019. JSW Steel is a part of diversified JSW Group, which has a presence in steel, energy, infrastructure, cement and JSW Ventures.