Mazda quarterly operating profit plunges 56%

This should lead to a robust growth in demand, which has otherwise been subdued for the last 2 years." NEW DELHI: JSW Energy today reported a steep 91.74 per cent drop in its consolidated net profit from a year ago at Rs 24.76 crore for the March quarter , largely due to lower power generation.Consolidated net profit in the same quarter a year earlier was Rs 299.94 crore, JSW Energy said in a BSE statement after its board approved the financial results at a meeting held today.Total income came down to Rs 1,935.29 crore, from Rs 2,664.87 crore in the corresponding period of the previous fiscal.For 2016-17, the company's consolidated net profit read Rs 622.51 crore, down from the earlier Rs 1,460.27 crore.Deemed PLF (plant load factor or capacity utilisation of power plants) was 52 per cent as against 69 per cent a year ago.JSW Energy's net generation was 4,063 million units (MUs) in the fourth quarter, down from 5,894 MUs in the previous year. Total income from operations at the consolidated level came in at Rs 1,862 crore as against Rs 2,631 crore in the corresponding quarter last year, down 29 per cent, mostly due to lower generation from thermal plants and subdued merchant realisations.It said fuel cost for the quarter under review came down by 16 per cent year on year to Rs 1,005 crore.The board today recommended dividend payout of Rs 0.50 per share for 2016-17.On its outlook for the industry, the company said, "The New government in Uttar Pradesh (UP) has already embarked on a programme to accelerate the availability of 24x7 power for all citizens and it is expected that other states will follow the UP example.


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JSW Energy Q4 profit plunges 91.74% to Rs24.76 crore

During the quarter, JSW Energy generated 4,063 million units as against 5,804 million units a year ago, while the merchant sales during January-March 2017 were 1,312 million units and the sales under long-term power purchase agreement were 2,833 million units. Further, the government's aim to provide round-the-clock power supply to all should also boost power demand over the longer term, it said. Its total revenues for the quarter declined 29.21% to Rs1,862.06 crore from Rs2,630.71 crore a year-ago, the company said in a statement. Mumbai: JSW Energy Ltd on Saturday reported a 91.74% decline in consolidated net profit for the quarter ended on 31 March at Rs24.76 crore, mainly on the back of the fall in revenues. The company had reported a net profit of Rs299.94 crore in the corresponding quarter last fiscal.




Mazda's North American operating profit dropped 44 percent to 1.9 billion yen ($17.1 million) in the fiscal fourth quarter, from 3.4 billion yen ($30.6 million) operating profit the year before. TOKYO -- Mazda Motor Corp.'s operating profit tumbled 56 percent in the latest quarter, as a deteriorating sales mix, foreign exchange rate losses and recall costs undermined results. Fiscal year resultsFor the full fiscal year ended March 31, global operating profit declined 45 percent to 125.7 billion yen ($1.13 billion). Operating profit fell to 23.7 billion yen ($213.0 million) in the Japanese carmaker's fiscal fourth quarter ended March 31, from 53.4 billion yen ($480.0 million) a year earlier. In announcing its full-year outlook, Mazda predicted that global operating income will increase 19 percent to 150.0 billion yen ($1.35 billion), in the current 12-month period.


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