Latest News | JSW Ispat Special Products Posts Rs 28 Cr Net Loss in Dec Qtr

New Delhi, Jan 19 (PTI) JSW Ispat Special Products Limited on Wednesday posted a consolidated net loss of Rs 28.24 crore for the December 2021 quarter.

It had reported a net profit of Rs 29.49 crore in the year-ago quarter, the company said in a regulatory filing.

Also Read | Assembly Elections 2022: What is cVIGIL App And How to Use It.

Its total income, however, increased to Rs 1,476.46 crore during the October-December quarter of the ongoing financial year, from Rs 1,163.61 crore in the year-ago period.

During the said quarter, the company saw its expenses soaring to Rs 1,504.70 crore against Rs 1,134.12 crore earlier.

Also Read | Garmin Venu 2 Plus Smartwatch With Voice Control Features Launched in India.

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 Ispat Special Products Limited.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)