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Jindal St & Pwr posts Q4 net profit of Rs 145.08 cr 11/05/2018 15:09

The company reported standalone net profit during the quarter stood at Rs 145.08 crore compared to net loss of Rs 116.09 crore in the previous year quarter.

Net revenue of the company rose substantially by 44.47 per cent at Rs 5,702.39 crore in January-March quarter of this fiscal as against Rs 3,947.01 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 33.68 per cent to Rs 4,232.87 crore from Rs 3,166.49 crore in year ago period.

Operating Profit surged by 66.26 per cent to Rs 1,518.75 crore as against Rs 913.50 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 15.08 per cent in March quarter.

Interest grew by 33.31 per cent y-o-y to Rs 686.38 crore, while Taxation decreased by 29.13 per cent at Rs 24.74 crore (Mar'17 Rs 34.91 crore).

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