In the year-ago period, the flagship company of the Sajjan Jindal group had reported a net profit of ₹2,760 crore.
Revenue from operations on a consolidated basis in Q2FY25 stood at ₹39,684 crore, down 11 per cent Y-o-Y from ₹44,584 crore a year ago.
Both revenue and net profit were lower than the Bloomberg consensus estimate. The estimate for revenue was ₹42,559.6 crore and profit ₹485.1 crore.
Sequentially, revenue was down by 7.6 per cent and net profit by 48 per cent.
Steel sales for the quarter stood at 6.13 million tonnes (mt), lower by 3 per cent Y-o-Y.
However, domestic sales at 5.57 mt were the highest in any quarter, up 1 per cent Y-o-Y on the back of the institutional segment; sales volumes to the institutional segment increased by 12 per cent Y-o-Y.
Denne historien er fra October 26, 2024-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra October 26, 2024-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
CESS AND SENSIBILITY
Southern states say cess and surcharge eat into their share of resources, urge 16th Finance Commission to consider contribution to national economy
India's transport future balances fossil fuels and clean tech
Fossil fuels will continue to play an important role in India's transportation sector, even as alternative fuel technologies see multifold growth.
Over 6K pollution plaints in Delhi since Oct 2021; 38% still unresolved: CPCB
Delhi registered 6,170 complaints related to air pollution between October 15, 2021 and November 19, 2024, with 2,333 (38 per cent) of these remaining unresolved, according to data from the Central Pollution Control Board (CPCB).
Indians see wallets drain by ₹485 crore in 'UPI scams' in FY25
Over 600,000 incidents of fraud have been reported in the ongoing financial year till September
Future of television is smart and networked
The smart TV market has been stagnant. Is Dor the disruption it needs?
Centre spent ₹3,623 crore on crop residue mgmt since 2018: Environment minister
Since 2018, the Centre has spent ₹3,623.45 crore on crop residue management in Delhi, Punjab, Haryana, and Uttar Pradesh, with ₹1,681.45 crore allocated to Punjab, the highest among the states, Union Minister of State for Environment, Forest and Climate Change Kirti Vardhan Singh said in the Lok Sabha.
Silver prices as volatile as stocks: Should you pick gold or silver?
A Motilal Oswal Private Wealth (MOPW) report released on November 25 shows that between 1990 and October 2024, silver's price has been just as volatile as Indian stocks.
Tech stocks gain as recovery takes hold
Nifty IT index hits all-time high as IT outlook turns positive
Adani group stocks settle in red
UNDER PRESSURE
Enviro Infra booked 89.9 times on last day
The initial public offering (IPO) of sewage treatment solutions provider Enviro Infra Engineers was subscribed 89.90 times on the closing day of bidding on Tuesday.
