JSPL Q2 turnover at Rs 6,573 cr, value-added products help offset loss
Naveen Jindal-promoted Jindal Steel and Power Limited (JSPL) has reported turnover of Rs 6,573 crore during the second quarter (July to September) of current financial year on the back of varied product portfolio and sustained efforts to market and sell value-added products.
Earnings before interest, tax, depreciation and amortisation (EBITDA) came in at Rs 1,255 crore. The quarter ended September highlighted the strength in diversified and differentiated product profile of JSPL, the company said in a statement.
“Though the quarter was due to be the weakest given the monsoon season, further weakened by muted economic growth in the country, products like rails, structures, plates and other such value-added products helped the company partially offset the steep fall in prices and profitability,” it said.
