JSW sees decline in net profit for FY 2011-12
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India's largest steelmaker JSW Steel (JSW) has announced its financial results for the fourth quarter (ended March 31) of the financial year 2011-12 and the full financial year.
In the given quarter, JSW's net profit decreased by 9.7 percent to INR 7.5 billion ($139.4 million) compared to the same quarter of the previous year. In FY 2011-12, the company posted a net profit of INR 16.26 billion ($301.5 million), down 19 percent year on year.
JSW's net sales value rose to INR 95.11 billion ($1.76 billion) in the given quarter, up by 35 percent year on year, while it registered 39 percent growth in its sales revenues for the full financial year.