25
Jul
10:52
JSPL profit drops in June quarter
Jindal Steel and Power (JSPL)’s consolidated profit after tax fell by 21% year-on-year to INR 13.38 billion ($159.9 million) in the first fiscal quarter ending June (Q1). The drop comes amid a rise in expenses and unchanged steel demand on-year, especially coinciding with India’s general election which concluded on 1 June, Kallanish notes.
Total expenses increased by 8% y-o-y to INR 3.32 billion. Raw materials costs, one of the largest components of to…
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Anonymous
Very good overview of the weekly steel market.
Anonymous