InvestorQ : How did you find the results of Jindal Steel and Power?
Rashi Mehra made post

How did you find the results of Jindal Steel and Power?

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Archita Jajjoo answered.
4 weeks ago
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Jindal Steel and Power or JSPL as it is popularly known as, reported 3-fold growth in net profits at Rs.2,584 crore in the second quarter ended Sep-21. Revenues were up 67% at Rs.13,612 crore. JSPL also reported EBITDA of Rs.4,594 crore for the quarter implying EBITDA margins of 33.75%.

For the quarter, sales of steel stood at 1.93 million tonnes and at 1.80 million tonnes for steel pellets. Construction and infrastructure activities account for 70% of its revenues and JSPL is a big beneficiary of the big thrust on infrastructure activity in India. The company will also gain from falling iron ore prices.

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