Jindal Steel & Power Limited reported its unaudited consolidated financial results for the second quarter of the fiscal year 2025, ending on September 30, 2024. Here are the key highlights:
Revenue
- Quarterly Comparison (QoQ): Revenue from operations in Q2 FY25 stood at ₹11,213.31 crore, reflecting a decline of 17.67% from ₹13,617.84 crore in the previous quarter (Q1 FY25).
- Year-on-Year Comparison (YoY): Compared to Q2 FY24, which recorded revenue of ₹12,250.16 crore, there was a decrease of 8.46% in revenue for Q2 FY25.
Net Profit
- Quarterly Comparison (QoQ): The net profit after tax for Q2 FY25 was ₹860.47 crore, representing a decline of 35.68% compared to ₹1,337.92 crore in Q1 FY25.
- Year-on-Year Comparison (YoY): Compared to Q2 FY24, where net profit was ₹1,390.10 crore, the company witnessed a decline of 38.11% in net profit for Q2 FY25.
These results indicate a challenging quarter for Jindal Steel & Power Limited, with significant declines in both revenue and net profit on a quarterly and yearly basis, impacted by factors that may include fluctuating demand, market conditions, and operational costs.
