10
Aug
14:16
JSPL sees record profit on higher sales, output
Jindal Steel & Power (JSPL)’s net profit soared 967% on-year to INR 2,516 crore ($338.3 million) in the first fiscal quarter through June (FQ1). Ebitda rose 151% to INR 4,539 crore.
Higher sales volumes and an uptick in steel prices resulted in revenue rising by 63% to INR 10,609.50 crore, Kallanish notes.
Continued cash generation, declining finance cost, lower capital expenditure and debt associated with Jindal Power Ltd moving out of JSPL’…
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Anonymous
Very good overview of the weekly steel market.
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