JSW sees decline in net profit for FY 2011-12

Monday, 14 May 2012 16:20:17 (GMT+2)   -  

Tags: India , Indian Subcon , fin. Reports , steelmaking , JSW Steel , South Asia | similar articles » SteelOrbis News

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.