{"id":353489,"date":"2020-05-27T11:13:32","date_gmt":"2020-05-27T05:43:32","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=353489"},"modified":"2020-05-27T11:13:32","modified_gmt":"2020-05-27T05:43:32","slug":"lower-costs-drive-jindal-steel-and-power-q4-growth-but-outlook-challenging","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/lower-costs-drive-jindal-steel-and-power-q4-growth-but-outlook-challenging\/","title":{"rendered":"Lower costs drive Jindal Steel and Power Q4 growth, but outlook challenging"},"content":{"rendered":"<p>MUMBAI: Jindal Steel and Power Ltd saw a decent growth in its operating profit in the March quarter due to higher realisations. But the coming quarters could test its operating parameters as the two-month lockdown has slowed construction and manufacturing activity.<\/p>\n<p>The Q4 figures did quite manage to impress the Street with the stock rising 13% on Tuesday, but it slipped 1% on Wednesday.<\/p>\n<p>Volumes in the steel sector have shrunk due to the lockdown, and JSPL has not been an exception. Its domestic steel volumes declined 17% q-o-q as covid-19 disrupted sales. But JSPL seemed to have counter-balanced this through higher prices. In Q4, domestic steel prices were on the rise and JSPL\u2019s realisations were about 9% higher in the quarter.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MUMBAI: Jindal Steel and Power Ltd saw a decent growth in its operating profit in the March quarter due to higher realisations. But the coming quarters could test its operating parameters as the two-month lockdown has slowed construction and manufacturing activity. The Q4 figures did quite manage to impress the Street with the stock rising 13% on Tuesday, but it slipped 1% on Wednesday. Volumes in the steel sector have shrunk due to the lockdown, and JSPL has not been an exception. Its domestic steel volumes declined 17% q-o-q as covid-19 disrupted sales. But JSPL seemed to have counter-balanced this [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,237],"tags":[],"class_list":["post-353489","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-power-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/353489","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=353489"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/353489\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=353489"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=353489"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=353489"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}