JSPL posts 10-fold jump in net profit to Rs 2,516 cr in June quarter

JSPL posts 10-fold jump in net profit to Rs 2,516 cr in June quarter

PTIUpdated: Tuesday, August 10, 2021, 03:19 PM IST
article-image
JSPL total income in April-June 2021 also jumped to Rs 10,643.17 crore, from Rs 6,519.27 crore in the year-ago period |

Jindal Steel and Power Ltd (JSPL) on Tuesday said its consolidated net profit jumped over 10 times to Rs 2,516 crore during June 2021 quarter.

The company's "net profit after tax from continuing operation" during the April-June 2020 quarter had stood at Rs 236 crore, JSPL said in a regulatory filing.

Its total income in April-June 2021 also jumped to Rs 10,643.17 crore, from Rs 6,519.27 crore in the year-ago period.

Total expenses stood at Rs 7,233.55 crore, compared with Rs 6,147.90 crore a year ago.

Part of the O.P. Jindal Group, JSPL is an industrial powerhouse with a dominant presence in steel, power, mining and infrastructure sectors.

RECENT STORIES

'It Levels The Playing Field': After Old Video, Nikhil Kamath's Article Supporting Inheritance Tax...

'It Levels The Playing Field': After Old Video, Nikhil Kamath's Article Supporting Inheritance Tax...

Indian Rupee To Appreciate To ₹82-82.50 In FY25: CARE Ratings

Indian Rupee To Appreciate To ₹82-82.50 In FY25: CARE Ratings

Tech Mahindra Net Profit Tanks 41% To ₹661 Cr In Q4FY24

Tech Mahindra Net Profit Tanks 41% To ₹661 Cr In Q4FY24

Mahindra XUV 3XO Interior Revealed in Latest Teaser, Offering More Insights Ahead of Launch

Mahindra XUV 3XO Interior Revealed in Latest Teaser, Offering More Insights Ahead of Launch

378% Jump!!: ACC Delivers Lifetime Highest Annualised Net Profits In 2023-24

378% Jump!!: ACC Delivers Lifetime Highest Annualised Net Profits In 2023-24