India's JSW Cement posts wider loss in first results since listing on one-time charge

JSW Cement

02/09/2025 14:53

Sept 2 (Reuters) - India's JSW Cement JSWC.NS on Tuesday reported a wider quarterly loss in its first results since listing in August, hurt by a one-off charge related to the conversion of convertible preference shares.

Consolidated net loss for the April-June quarter came in at 13.56 billion Indian rupees ($154.96 million) compared with loss of 151.2 million rupees a year ago.

($1 = 87.5060 Indian rupees)

 (Reporting by Hritam Mukherjee in Bengaluru; Editing by Sumana Nandy and Tasim Zahid)

 ((Hritam.Mukherjee@thomsonreuters.com; X: @MukherjeeHritam;))