{"id":632359,"date":"2024-02-01T09:44:54","date_gmt":"2024-02-01T04:14:54","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=632359"},"modified":"2024-02-01T10:19:56","modified_gmt":"2024-02-01T04:49:56","slug":"jindal-steel-and-power-q3-results-pat-jumps-four-fold-to-rs-1928-cr","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/jindal-steel-and-power-q3-results-pat-jumps-four-fold-to-rs-1928-cr\/","title":{"rendered":"Jindal Steel and Power Q3 results: PAT jumps four-fold to Rs 1,928 cr"},"content":{"rendered":"<p>Indian steelmaker Jindal Steel and Power reported an almost four-fold rise in third-quarter profit on Wednesday, as easing costs offset a fall in sales. <\/p>\n<p>The company, which has steel, mining and infrastructure businesses, said its consolidated net profit after tax increased to Rs 1928 crore ($232 million) in the three months to Dec. 31, from Rs 518 crore a year ago. <\/p>\n<p>The robust performance was supported by lower raw material costs as benefits from captive thermal coal mines materialised, it said in a statement. Its sales and services revenue fell 6.3% to Rs 13756 crore<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian steelmaker Jindal Steel and Power reported an almost four-fold rise in third-quarter profit on Wednesday, as easing costs offset a fall in sales. The company, which has steel, mining and infrastructure businesses, said its consolidated net profit after tax increased to Rs 1928 crore ($232 million) in the three months to Dec. 31, from Rs 518 crore a year ago. The robust performance was supported by lower raw material costs as benefits from captive thermal coal mines materialised, it said in a statement. Its sales and services revenue fell 6.3% to Rs 13756 crore<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-632359","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/632359","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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=632359"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/632359\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=632359"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=632359"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=632359"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}