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14-May-2024

Jindal Steel & Power

Capex for the quarter was Rs 2,523 crore


'Consolidated net sales of Jindal Steel & Power has declined 1.50% to Rs 13486.96 crore.  Share of exports remained stable at 11% in Q4FY24 vis-à-vis 11% during the Q4FY23. Production and sales for Q4FY24 stood at 2.05MT and 2.01MT respectively.

Operating profit margin has jumped from 15.98% to 18.12%, leading to 11.76% rise in operating profit to Rs 2,444.49 crore.  Raw material cost as a % of total sales (net of stock adjustments) decreased from 45.20% to 39.59%.   Purchase of finished goods cost rose from 4.40% to 6.06%.   Employee cost increased from 2.14% to 2.72%.   Other expenses rose from 32.23% to 33.25%.   Preoperation capitalised expenses rose from 0.08% to 0.53%.   EBITDA was driven by reduction in raw material cost, partly offset by lower NSR during the quarter.



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