JSPL had posted a consolidated net profit of Rs 466 crore in Q4FY23.
On a standalone basis, total revenue from operations rose 4 percent to Rs 13,773.4 crore from Rs 13,192.3 crore.
Net profit rose 62 percent to Rs 1281.53 crore.
Adjusted EBITDA stood at Rs 2,512 crore adjusted for one-off FX loss of Rs 68 crore during the quarter.
JSPL's consolidated net debt stood at Rs 11,203 crore as of March 31, 2024 versus Rs 9,115 crore as at December 31, 2023.
The company spent Rs 2,523 crore worth capex during the quarter
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Jindal Steel & Power reported a consolidated net profit of Rs 933 crore for the fourth quarter of FY24, registering a gain of 100 percent compared to last year, as the company benefitted from a robust domestic demand environment.
JSPL had posted a consolidated net profit of Rs 466 crore in Q4FY23.
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The Naveen Jindal-led company's consolidated gross revenue in the January-March quarter remained flat at Rs 15,749 crore. On a sequential basis, revenue rose 15 percent while profit fell 52 percent from Rs 1,928 crore reported in Q3FY24.
On a standalone basis, total revenue from operations rose 4 percent to Rs 13,773.4 crore from Rs 13,192.3 crore. Net profit rose 62 percent to Rs 1281.53 crore.
Adjusted EBITDA stood at Rs 2,512 crore adjusted for one-off FX loss of Rs 68 crore during the quarter. EBITDA was driven by reduction in raw material cost, partly offset by lower NSR (Net sales realisation) during the quarter, the company said in a statement.
JSPL's consolidated net debt stood at Rs 11,203 crore as of March 31, 2024 versus Rs 9,115 crore as at December 31, 2023. Increased debt
reflects higher payments on account of completion of several projects in line with capex program, the company said.
The company spent Rs 2,523 crore worth capex during the quarter andRs 8,517 crore in FY24.
Consolidated production stood at 7.92 metric tons (MT) in FY24.
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