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JSW Energy reports INR 6 crore profit in Q4

Power News - Published on Fri, 17 May 2019

Image Source: www.jsw.in
Economic Times reported that JSW Energy reported a consolidated net profit of INR 5.79 crore for March quarter 2019 mainly on account of higher revenues. In the year-ago period, the company registered a loss of INR 480.05 crore. Total income in the latest quarter was INR 2,018.16 crore, up from INR 1,879.01 crore a year ago. Profit during 2018-19 fiscal was INR 684.49 crore compared to INR 84.91 crore in the previous year. Total income was INR 9,505.56 crore in the last fiscal as against INR 8,513.98 crore in 2017-18.

The company's board in its meeting on Thursday recommended a dividend of INR 1 per equity share of Rs 10 each for the year ended March 31, 2019.

The board also decided to convene 25th annual general meeting of the members of the company on August 13, 2019.

The company also said it has decided not to pursue the electric vehicle business because of the higher than anticipated uncertainties associated with it.

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Posted By : Ratan Singh on Fri, 17 May 2019
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