November 23, 2024 10:05 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
'Third World War has begun:' Ex-Ukraine military commander-in-chief Valery Zaluzhny | UK-India Free Trade Agreement negotiations to resume in early 2024 | UK can arrest Benjamin Netanyahu if he visits country based on ICC warrant | Centre to send over 10,000 additional soldiers to violence-hit Manipur amid fresh violence | Chhattisgarh: 10 Maoists killed during encounter with security forces in Sukma
Jindal Steel and Power Q2FY24 PAT jumps to 1,390 cr

Jindal Steel and Power Q2FY24 PAT jumps to 1,390 cr

| @indiablooms | 31 Oct 2023, 11:49 pm

Mumbai: Jindal Steel and Power Ltd reported a substantial increase in Profit After Tax (PAT) to Rs 1,390.10 crore in the September quarter, primarily due to reduced expenses, the company reported in a regulatory filing.

In the corresponding period last year, the company recorded a PAT of Rs 219.27 crore, it said.

While the company's total income decreased from Rs 13,521.88 crore to Rs 12,282.04 crore compared to the previous year, its expenses also saw a decline from Rs 12,569.10 crore to Rs 10,897.52 crore.

In a separate announcement, JSP mentioned that they produced 1.90 million tonnes (MT) of steel in the July-September period, a slight increase from 1.82 MT in the same period the previous fiscal year. Sales, however, remained unchanged at 2.01 MT.

The Chirodzi mine in Mozambique reported a decrease in coal production, dropping from 1.16 MT last year to 1.11 MT. Meanwhile, in South Africa, JSP's Kiepersol mine saw an increase in production from 81 KT to 123 KT.

During the quarter, production at the Russel Vale mine in Australia fell to 101 KT from 150 KT. The Wongawilli colliery remains in a state of care and maintenance.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.