Shares of Jindal Steel & Power were down over 4% on the Bombay Stock Exchange after the company reported a consolidated loss of Rs 339 crore during the first quarter ended June 30, 2015 compared with a profit of Rs 401 crore in the same quarter last fiscal.
Despite sales volume growth of 39% in the quarter under review, income from operations for the quarter declined after net sales realisations were lower on imports from China, Korea and other countries, the company said in a release.
Income from operations declined 3.3% to Rs 4,715 crore during the April-June 2015 compared with Rs 4,876 crore for the same quarter last fiscal.
The stock opened at Rs 76.50 and touched a low of Rs 72.30. At 11:10AM, over 5.3 million shares were traded on both the stock exchanges.
 "Jindal Steel drops on reporting loss in Q1")
