Hit by decline in sales and higher depreciation and interest outgo,JSW Steel has reported a sharp 61.56 per cent decline in consolidated net profit to Rs 295.91 crore for the fourth quarter ended March,2013. Its consolidated net sales declined by nearly 3 per cent to Rs 9,851.54 crore in the last quarter of FY13. The firm had a net profit of Rs 769.73 crore and net sales of Rs 10,152.68 crore in Q4 of FY12.
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Hind Copper net up 37% at R188 cr
New Delhi: Hindustan Copper today reported 37 per cent rise in net profit at Rs 188 crore for the quarter ended March 31,despite decline in total income. The state-owned firm had clocked Rs 137.43 crore net profit in the January-March quarter of the last fiscal,it said in a BSE filing. Total Q4 income was down,however,at Rs 415 crore from Rs 686.70 crore the year-ago period. pti