Loading prices...

Register/Sign in
ScrapMonster
Are ads getting in your way? Register for Ad-free pages and live data.
Get an instant offer on your damaged car
Steel News January 22, 2021 01:00:08 PM

JSPL Consolidated Revenue Surged 40% in Q3 FY20

Paul Ploumis
ScrapMonster Author
According to the company, its EBITDA skyrocketed by 170% over the previous year to INR 4,252 crore.
JSPL Consolidated Revenue Surged 40% in Q3 FY20

SEATTLE (Scrap Monster): Jindal Steel and Power Ltd (JSPL) reported consolidated net profit after tax (PAT) of INR 2,432 crore during the third quarter of FY20, said a regulatory filing by the company. It must be noted that JSPL had posted net loss of INR 257 crore in the corresponding quarter a year before. The robust steel sector performance and power business boosted the consolidated revenue for the quarter to INR 10,534 crore, as compared with INR 7,526 crore.

According to the company, its EBITDA skyrocketed by 170% over the previous year to INR 4,252 crore. The EBITDA had totalled only INR 1,574 crore in the same quarter a year before. Also, all operational assets except Australia reported positive EBITDA during Q3 FY21. The entire Indian steel industry showed signs of recovery during the quarter, with domestic steel demand and capacity utilization rising over the previous month.

ALSO READ:

Tata Steel Net Loss Further Widened in Q4 Fiscal 2020

JPC: Steel Output and Demand Slumped in India

The company reported highest-ever steel production volumes of 1.93 million tonnes, which is higher by 20% over the previous year. The steel sales volume surged higher by 12% year-on-year to total 1.87 million tonnes.

During the quarter, JSPL became the first private company in the country to be awarded the “Regular Supplier” status from the Indian Railways. Accordingly, the company will supply 880 grade Rails to the governmental entity.

Are ads getting in your way? Register for Ad-free pages and live data.

How to Recycle

Proper Disposal of Alkaline Batteries

Proper Disposal of Alkaline Batteries

Improper disposal of alkaline batteries can result in various negative consequences. Explore our blog post to discover safe disposal methods.
Christmas Tree Recycling - Responsible Ways

Christmas Tree Recycling - Responsible Ways

Proper preparation and using a reliable Christmas tree recycling directory ensures responsible disposal and maximizes the benefits.
Stop Throwing Away LED Light Bulbs -- Do This Instead

Stop Throwing Away LED Light Bulbs -- Do This Instead

Stop throwing away LED light bulbs and dispose of them responsibly. Proper disposal ensures environmental safety and sustainability.
powered by RecyclingMonster
Are ads getting in your way? Register for Ad-free pages and live data.
×

Quick Search

Advanced Search