You are here: Home » Opinion » Financial X-Ray
Business Standard

Steel segment driving turnaround at JSPL

Value-added exports, better realisations and capacity expansions bode well for the company

Ujjval Jauhari 

Had it not been for the impairment (one-off) charge of Rs 253 crore on account of loss of fixed assets in an overseas subsidiary, Jindal Steel and Power (JSPL) would have emerged profitable in the March quarter (Q4) after nine consecutive quarters of losses. Excluding this one-off item, the reported net loss of Rs 98 crore would have been in positive territory. Notably, the outlook remains positive. JSPL continues to see improving performance led by the core steel business. As the tide turned in favour of steel producers and realisations improved in the past one year, JSPL’s ...

TO READ THE FULL STORY, SUBSCRIBE NOW AT JUST Rs 149 A MONTH

Key stories on business-standard.com are available to premium subscribers only.

LOGIN

EMAIL / USER NAME
PASSWORD
REMEMBER ME Forgot password?

Not a member yet ? Resister Now

Connect using any below

  • Don't lose the opportunity of saving $26.77 per month
  • Don't lose the opportunity of saving $26.77 per month
Total Amount
Rs. 0.00
To proceed, kindly select a subscription package

WHAT YOU GET

On Business Standard Digital

  • Access your subscription from anywhere. Be it your computer, tablet or smartphone using a browser or the App, Your Choice.
  • Access to exclusive content, features, opinions and comment, hand-picked by our editors, just for you.
  • Pick your 5 favourite companies. Get all the news upates at the end of each day through E-Mail.
  • Pick the industry that you want to track. And get a daily news letter specific to that industry. Cut out the clutter.
  • And stay on top of your investments. Track stock prices in your portfolio
  • Access 18 years of archival data

On Digital

  • Seamless access to WSJ.com with your Business Standard digital account.
  • Experience the best of the Journal's reporting, video and interactive features.
  • Read about the people and events shaping business, finance, technology, politics, technology and culture.
  • Stay informed with newsletters - an easy way to get WSJ content straight to your inbox - making life easier on your busiest days.
  • More business executives read the Journal globally than any other publication.
*Note :
Our Partners are proud to be associated with this initiative and will contribute Rs 100 x 6 months thereafter, standard rate of Rs 149 will be charged.
Offer valid for Indian residents only
Requires you to share personal information like PAN, Date of Birth, and Income.
*Annual saving on WSJ subscription price of US$ 347.88 (12 months @ US$ 28.99 per month)
* 1US$ = 67.50 INR.
*Please note that this offer is not valid if you are/were a registered/existing user on WSJ Digital
RECOMMENDED FOR YOU

Steel segment driving turnaround at JSPL

Value-added exports, better realisations and capacity expansions bode well for the company

Value-added exports, better realisations and capacity expansions bode well for the company Had it not been for the impairment (one-off) charge of Rs 253 crore on account of loss of fixed assets in an overseas subsidiary, Jindal Steel and Power (JSPL) would have emerged profitable in the March quarter (Q4) after nine consecutive quarters of losses. Excluding this one-off item, the reported net loss of Rs 98 crore would have been in positive territory. Notably, the outlook remains positive. JSPL continues to see improving performance led by the core steel business. As the tide turned in favour of steel producers and realisations improved in the past one year, JSPL’s ... image
Business Standard
177 22

Steel segment driving turnaround at JSPL

Value-added exports, better realisations and capacity expansions bode well for the company

Had it not been for the impairment (one-off) charge of Rs 253 crore on account of loss of fixed assets in an overseas subsidiary, Jindal Steel and Power (JSPL) would have emerged profitable in the March quarter (Q4) after nine consecutive quarters of losses. Excluding this one-off item, the reported net loss of Rs 98 crore would have been in positive territory. Notably, the outlook remains positive. JSPL continues to see improving performance led by the core steel business. As the tide turned in favour of steel producers and realisations improved in the past one year, JSPL’s ...

image
Business Standard
177 22