'Jindal
Steel & Power consolidated net sales declined 6.03% to Rs 11701.32 crore
during Q3FY24. Operating profit margin
has jumped from 19.09% to 24.29%, leading to 19.56% rise in operating profit to
Rs 2,842.56 crore. Raw material cost as
a % of total sales (net of stock adjustments) decreased from 40.22% to
38.99%. Purchase of finished goods cost
fell from 5.84% to 3.24%. Employee cost
increased from 2.41% to 2.64%. Other
expenses fell from 32.24% to 32.08%.
Preoperation capitalised expenses fell from 1.83% to 0.75%.
Other
income rose 105.63% to Rs 35.08 crore.
PBIDT rose 20.17% to Rs 2877.64 crore.
Provision for interest fell 8.95% to Rs 315.14 crore.
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