JSW Steel swung to a consolidated profit for the quarter ended September 2014. During the quarter, the company reported a profit of Rs 7,487.60 million compared with a loss of Rs 1,155.50 million in the same quarter last year.
Net sales for the quarter rose 7.02% to Rs 138,947.90 million, compared with Rs 129,838 million for the prior year period.
Earnings per share stood at Rs 30.63 compared with negative Rs 5.12 in the same quarter last year.
| Quarterly Results - consolidated (Rs in mn) |
| As at | Sep - 14 | Sep - 13 | %Change |
| Net Sales | 138,947.90 | 129,837.80 | 7.02 |
| Net Profit | 7,487.60 | (1,155.50) | - |
| Basic EPS | 30.63 | (5.12) | - |
Shares of the company gained Rs 31.6, or 2.76%, to trade at Rs 1,175.00. The total volume of shares traded was 113,309 at the BSE (3.30 p.m., Tuesday).
