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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.
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