AT A GLANCE: JSPL reports 31% boost in sales in third-quarter results

A summary of the financial results for Indian steel producer Jindal Steel and Power (JSPL) for the third quarter of its financial year 2020, covering October to December 2019.

In brief
  • Despite a steep fall in prices at the beginning of the quarter, the company was able to partially offset the loss through raw material cost savings and improving efficiencies on higher production.
  • In a financial quarter where pricing steeply declined in October, followed by demand-led recovery toward the end of December, the company was able to market and sell unprecedented volumes.
  • December 2019 marked a turnaround for the steel industry, with concerns such as a weak automotive industry and finished-steel sector waning down gradually.
JSPL standalone (domestic India) third-quarter 2020

Earnings before interest,...

Published

Carrie Bone

January 21, 2020

16:45 GMT

London