AT A GLANCE: JSPL reports lower earnings despite higher production, sales

A summary of the financial results for Indian steel producer Jindal Steel & Power Ltd (JSPL) for the fourth quarter and full year of its 2019-2020 financial year ending March 2020.

In brief Higher production and sales for the full year, but earnings fell. “Tremendous volatility” in steel prices in India throughout the year By building its raw materials inventories it has been able to continue production through the Covid-19 lockdown. JSPL standalone full year 2020 Steel (including pig iron) production  6.30 million tonnes, up 13% year on year from 5.59 million tonnes Steel (inc pig iron) sales 6.06 million tonnes, up 12% year on year from 5.41 million tonnes Earnings before interest, taxes, depreciation and amortization (Ebitda) 57.77 billion rupees ($764.79 million), down 4% year...

Published

Carrie Bone

May 26, 2020

18:50 GMT

London