Jindal Steel Q4 results: ₹304 crore loss despite higher sales

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Jindal Steel Q4 results: ₹304 crore loss despite higher sales - Business Standard

Quick Summary:

The company's gross revenue fell to Rs 15,525 crore from Rs 15,749 crore in the year-ago quarter.The company produced 2.11 million tonnes of steel, up from 2.05 million tonnes in the fourth quarter last financial year.Sales rose to 2.13 million tonnes from 2.01 million tonnes in the same quarter FY24.

Jindal Steel and Power Ltd (JSPL) on Wednesday reported a consolidated loss of Rs 304 crore for the March quarter of 2024-25.

The total capex for the quarter was Rs 2,312 crore largely driven by the expansion projects at Angul.