JSW Steel (NSE:JSWSTEEL, BOM:500228) reported a sharp increase in attributable consolidated profit to 163.7 billion Indian rupees in fiscal fourth quarter ended March 31, from 15.0 billion rupees a year earlier, according to a Thursday filing on the local bourses.
Earnings per share jumped to 66.94 rupees compared with 6.14 rupees in the same quarter last year.
Total revenue from operations in fiscal Q4 jumped to 511.8 billion rupees from 448.2 billion rupees a year ago.
Coal mining group China Coal Energy (HKG:1898, SHA:601898) recorded year-over-year declines in its coal operations in April.Sales volume of commercial coal fell 3.2% over the period, while production declined 9.3%, according to a Thursday filing on the Hong Kong bourse.
Indonesia's central bank expressed confidence over the rupiah re-attaining strength as a result of various interventionary measures, The Jakarta Globe reported Wednesday.Bank Indonesia is ramping up seven strategic measures to support the rupiah and ensure it "tends to appreciate," the newswire reported, citing Bank Indonesia Executive Director for Communications Ramdan Denny Prakoso."Indonesia's economic fundamentals are very strong compared to other countries," Denny stated, underscoring his optimism that the rupiah would regain stability.Indonesia, among other measures to help stabilize the rupiah, has stepped up interventions in the foreign exchange market, cut the dollar buying limit, explored currency swap arrangements, and activated a bond stabilization fund.The rupiah closed 53 points stronger at 17,475 per US dollar on Wednesday afternoon, recovering from its previous slide past 17,500 per US dollar to reach a historic low.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Sharda Cropchem (NSE:SHARDACROP, BOM:538666) recommended a final dividend of 9 rupees per share for the financial year 2025-26.The dividend is subject to shareholder approval, according to an Indian bourse filing on Thursday from the crop protection chemical company.