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JSW lspat results: Net loss narrows to Rs 36.85 cr during September quarter

09:46 AM Oct 20, 2021 | Agencies

JSW lspat Special Products on Tuesday said its standalone net loss has narrowed to Rs 36.85 crore during the quarter ended September.

In a BSE filing, the company said it had clocked a loss of Rs 62.06 crore in the same quarter of the preceding 2020-21 fiscal.

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The company's total income during the July-September quarter rose to Rs 1,442.34 crore from Rs 957.84 crore in the year-ago period.

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The expenses were at Rs 1,479.19 crore as against Rs 1,019.90 crore a year ago.

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 lspat Special Products Limited.

The company operates a 1.5 million tonne per annum (MTPA) integrated steel plant in Raigarh where it manufactures hot rolled plates, rebars, and structure profiles for the infrastructure and construction industry.

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