Jindal Steel Q2 profit rises 21% as revenue hits record Rs 19,448 crore

Jindal Steel reported a 21% increase in quarterly profit, with revenue reaching a record Rs 19,448 crore. The company also recorded growth in steel production and sales during the quarter.

Revenue and operating performance improve

The latest results point to broader improvement across Jindal Steel’s reported operating measures. Alongside the record revenue figure, earnings before interest, taxes, depreciation and amortisation, or EBITDA, increased.

Higher production and sales supported the quarter’s performance, although the available results do not specify the individual contribution of either measure to revenue or profit. The company also reported a decline in net debt, adding to the financial changes recorded during the period.

Share price falls despite stronger results

Jindal Steel’s improved quarterly performance was accompanied by a fall in its share price. The contrast highlights a difference between the company’s reported business results and market movement during the period. No further details on the share-price decline were provided.

For the business, the quarter combined record revenue with higher profit, stronger production and sales, improved EBITDA and lower net debt. These results provide the main indicators available on the company’s performance for the quarter, while the share-price movement remains a separate market development.