JSPL posted decent set of results in 3QFY20 despite the very low price of steel in the early parts of the quarter and very weak power demand in India. As a result, 3QFY20 consolidated EBTDA was at Rs18.2bn. Net debt fell to Rs.354.6bn in 3Q as compared to Rs.365bn in 2Q.
India steel (including related products) production / sales volume at 1.61mnt/ 1.67mnt grew 22% /31% YoY and 2%/14% QoQ.
JPL’s generation, at 1,900mn kwh, fell 27% YoY/16% QoQ due to extremely weak power demand.
Disclaimer: The above report is compiled from information available on public platforms. inChat team advises users to check with certified experts before taking any investment decisions.
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