Mumbai, May 12 (SocialNews.XYZ) Jindal Steel & Power Ltd (JSPL) on Wednesday reported a consolidated net profit of Rs 1,900.51 crore for the quarter ended March, rising multifold times on a year-on-year basis.
During the same quarter of FY20, the company had reported a net profit of Rs 82.13 crore.
Revenue from operations of the company increased nearly 75 per cent on a year-on-year basis during the period under review to Rs 11,880.61 crore.
In a statement, the company said that solid operational performance, divestment of non-core assets and lower capex have all contributed to JSPL's path of deleveraging with net debt declining sharply from Rs 35,919 crore in FY20 to Rs 22,146 crore in FY21.
Source: IANS
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