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07-Nov-2024

Jindal Steel & Power

Capex for the quarter was Rs 2,642 crore


'Net sales (including other operating income) of Jindal Steel & Power has declined 8.46% to Rs 11213.31 crore.  The production and sales stood at 1.97 mt (+4% yoy) and 1.85 mt (-8% yoy) respectively. Share of exports was 9% in Q2FY25

Operating profit margin has jumped from 18.66% to 19.62%, leading to 3.74% decline in operating profit to Rs 2,200.25 crore.  Raw material cost as a % of total sales (net of stock adjustments) increased from 39.46% to 41.75%.   Purchase of finished goods cost fell from 3.57% to 2.47%.   Employee cost decreased from 2.74% to 2.53%.   Other expenses fell from 34.02% to 33.02%.   Preoperation capitalised expenses fell from 0.84% to 0.62%.  

Other income rose 9.25% to Rs 34.83 crore.  PBIDT ...



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