Jindal Steel and Power Ltd (JSPL) reported a significant 38% decline in consolidated net profit for the September quarter, amounting to â‚ą860 crore, compared to â‚ą1,390 crore in the same period last year. The drop in profit is attributed to lower revenue, with net sales falling to â‚ą11,529 crore, down 5% year-on-year from â‚ą12,108 crore. Despite an increase in steel production to 1.97 million tons, sales decreased by 8% to 1.85 million tons. The company's EBITDA for the quarter was â‚ą2,124 crore, reflecting a decrease of 4% year-on-year. JSPL's net debt stood at â‚ą12,464 crore as of September 30, 2024, highlighting ongoing financial challenges amid a tough market environment.
