Jindal Steel and Power Ltd (JSPL) reported a significant 38% decline in consolidated net profit for the September quarter, amounting to ₹860 crore, compared to ₹1,390 crore in the same period last year. The drop in profit is attributed to lower revenue, with net sales falling to ₹11,529 crore, down 5% year-on-year from ₹12,108 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 ₹2,124 crore, reflecting a decrease of 4% year-on-year. JSPL's net debt stood at ₹12,464 crore as of September 30, 2024, highlighting ongoing financial challenges amid a tough market environment.