Jindal Steel and Power Ltd. Q1 Results FY 14-15
JSPL’s Standalone and Consolidated turnover in Q1, FY 15 grew by 5% and 10% compared to same quarter last year. Company’s continued focus on increasing Net Sales Realization (NSR) and Operational Excellence saw EBITDA level in both Standalone and Consolidated cases rise to over 33% compared to 25% & 29% on Standalone and Consolidated basis respectively in Q1, FY 14. JSPL Standalone’s PBT and PAT for JSPL increased by 16.2% and 28.2% compared to Q1, FY14. However, a major increase in depreciation and financing costs and restructuring costs of WCL, Australia caused net profit at consolidated level to drop by 20.5% on y-o-y basis. The Cash Profit for both Consolidated and Standalone cases however rose by 23.4% and 41.4% respectively over the same quarter of previous year. Company’s EBITDA performance was achieved inspite of disruption to iron ore supply and continued shortage of coal to the newly commissioned JPL’s Tamnar Phase II power plant.