India’s Jindal Steel and Power Limited has reported net profit of INR 13.37 billion ($159.84 million) for the first quarter (April-June) of the fiscal year 2024-25, a decline of 20.9 percent over the corresponding quarter of the previous year, according to a company regulatory filing on Thursday, July 25.
The company reported total revenue of INR 136.17 billion ($1.63 billion) during the quarter, up 8.2 percent year on year, according to the filing.
The company’s crude steel production during the first quarter was reported at 36.6 million mt, up five percent, and its finished steel output was reported at 35.3 million mt, a rise of 12 percent, both year on year.