JSPL Reports Super Strong Profits in Oct-Dec 2020 Quarter

Jindal Steel and Power Limited has reported a net profit of INR 2,566.7 crore on a consolidated basis in the October-December 2020 quarter as compared to
JSPL Reports Super Strong Profits in Oct-Dec 2020 Quarter
JSPLJindal Panther

Jindal Steel and Power Limited has reported a net profit of INR 2,566.7 crore on a consolidated basis in the October-December 2020 quarter as compared to INR 218.6 crore loss in October-December 2019 quarter. Revenue in the quarter was INR 10,898.7 crore, nearly 45% higher YoY as steel sales increased 12% to 1.9 million tonne amid rising long steel and flat steel prices. JSPL’s EBITDA in the quarter was INR 4,252 crore, registering an annual growth of 134%. EBITDA margins increased 15 percentage points to 39%

JSPL has decreased its debt levels to INR 25,621 crore at the end of the quarter, INR 9,836 crore lower than the same period last year. Lower debts also led to finance cost falling about 20% to INR 728.3 crore in the three-month period.

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