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01-Feb-2024

Jindal Steel & Power

OP up 20%


'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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