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JSW Steel post net loss due to impairment charges and decline in sales

JSW Steel post net loss due to impairment charges and decline in sales

Jan 30, 2016, at 02:51 am

Mumbai, Jan 29 (IBNS): JSW Steel, a part of the diversified $11 billion JSW Group, reported its results for the third quarter of financial year 2016 (Q3FY16) and the nine month ended Dec 31, 2015, on Friday, where it posted a net loss of Rs 923 crore compared to a profit of Rs 328 crore in the corresponding period in the previous year, mainly due to impairment charges and decline in sales.