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Jindal Steel & Power second-quarter loss narrows


(Reuters) - and Power Ltd reported a smaller-than-expected quarterly loss, helped by higher from its iron and business.

The steelmaker reported a loss of 4.48 billion rupees ($69.00 million) for the quarter ended Sept. 30, compared with a loss of 7.46 billion rupees a year earlier, the company said on Thursday.

Analysts on average had expected the company to post a loss of 4.84 billion rupees, according to Thomson Eikon data.

from its iron and segment rose about 25 percent to 49.97 billion rupees.

($1 = 64.9300 Indian rupees)

(Reporting by Vishal Sridhar in Bengaluru; Editing by Vyas Mohan)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, November 09 2017. 17:49 IST