REUTERS - Jindal Steel and Power said on Tuesday fourth-quarter consolidated loss narrowed, helped by higher revenue primarily from its iron and steel business.
Losses for the quarter ended March 31 narrowed to 1 billion rupees ($15.46 million), from a loss of 6.36 billion rupees a year earlier, the company said. (https://bsmedia.business-standard.combit.ly/2qRiJkc)
Analysts on average had expected the company to post a loss of 4.39 billion rupees in the March quarter, according to Thomson Reuters data.
Consolidated revenue from its iron and steel business rose 15 percent to 52.61 billion rupees.
($1 = 64.6800 Indian rupees)
(Reporting by Samantha Kareen Nair in Bengaluru; Editing by Biju Dwarakanath and Subhranshu Sahu)
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