JSPL records 10-fold jump in Q1 net profit
NEW DELHI: Despite the impact of the Covid-19 second wave on domestic demand, better overseas sales helped Jindal Steel and Power Ltd (JSPL) report a ten-fold jump in its net profit in the first quarter of this financial year (Q1FY22) compared to Q1 of the previous year.
The consolidated net profit for the period stood at Rs 2,516 crore against Rs 236 crore the previous year. However, compared to the preceding quarter ended March 2021, when it recorded a net profit of Rs 3,426 crore, this metric recorded a 26% decline.
