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Jindal Steel rides recovery in global steel prices - Views on News from Equitymaster
 
 
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  • Oct 15, 1999

    Jindal Steel rides recovery in global steel prices

    The recovery in steel prices globally have boosted the company's net profits by a fantastical 407%. The growth in bottomline is supported by better operating cost management and lower interest costs.

    (Rs m) 2QFY2000 2QFY1999 Change
    Net Sales 862 771 11.8%
    Other Income 18 1 1450.8%
    Expenditure 496 532 -6.6%
    Interest 85 131 -34.9%
    Depreciation 71 65 9.6%
    Profit before Tax 228 45 407.2%
    Tax - - NM
    Profit after Tax 228 45 407.2%
    Net profit margins 26.4% 5.8%  

     

     

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