JSPL Q2 profit plunges 96% YoY to Rs 15 crore
JSPL posted a sharp fall in standalone profit to Rs 15 crore in the second quarter ended September 30, down 96% from Rs 383 crore it had reported in the same period last year.
The company’s turnover was lower at Rs 6,573 crore in Q2FY20 against Rs 6,849 crore in Q2FY19. Earnings before interest tax depreciation and amortisation (EBITDA) was at Rs 1,255 crore, while JSPL’s EBITDA margin stood at 19% during the quarter.
The company said it benefitted from its diversified and differentiated product profile. “Though the quarter was due to be the weakest given the monsoon season, further weakened by the muted economic growth in the country; products like rails, structuresas,
