JSPL sees tenfold rise in net profit at Rs 2,516 cr

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August 11, 2021 8:09 AM

Jindal Steel and Power (JSPL) on Tuesday reported a near tenfold rise in its consolidated net profit at Rs 2,516 crore for the April-June quarter.

steelThis suggests that domestic steel companies are now significantly less leveraged than in FY’2009, when the last steel supercycle ended, following the global financial crises,” it said.

Jindal Steel and Power (JSPL) on Tuesday reported a near tenfold rise in its consolidated net profit at Rs 2,516 crore for the April-June quarter.

“The quarter marked exemplary performance by all businesses including steel and overseas mines and minerals businesses, which resulted in JSPL reporting consolidated net revenues of Rs 10,610 crore, up 63% year-on-year; and earnings before interest tax depreciation and amortisation (Ebitda) of Rs 4,539 crore,” JSPL said in a statement.

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