From The Economic Times · Nikita Periwal · · 1m
Jindal Steel Q2 Profit Rises 21%
Jindal Steel's Q2 profit jumps 21% to Rs 771 crore as revenue hits record Rs 19,448 crore.
In brief
Jindal Steel's Q2 profit jumps 21% to Rs 771 crore as revenue hits record Rs 19,448 crore. Jindal Steel reported a 21% year-on-year profit increase to Rs 771 crore with record quarterly revenue of Rs 19,448 crore. Originally reported by The Economic Times.
Jindal Steel Q2 Profit
Jindal Steel's consolidated profit increased 21% year-on-year to Rs 771 crore in July-September.
Record Quarterly Revenue
Revenue reached a record Rs 19,448 crore, surpassing analysts' estimates.
Steel Production Growth
Steel production rose to 2.4 million tonnes, up from 2 million tonnes a year ago.
Sales Volume Increase
Sales climbed to 2.38 million tonnes from 1.87 million tonnes in the previous year.
Adjusted EBITDA Boost
Adjusted EBITDA rose 33% year-on-year to Rs 2,504 crore, with per-tonne EBITDA at Rs 10,529.
Net Debt Decline
Net debt fell to Rs 14,786 crore, reducing the net debt-to-Ebitda ratio from 1.71 to 1.51 times.
The one thing
Jindal Steel reported a 21% year-on-year profit increase to Rs 771 crore with record quarterly revenue of Rs 19,448 crore.
