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IDBI Capital Report
Jindal Steel & Power Ltd. reported highest ever consolidated Ebitda of Rs 27 billion (up 78% YoY) driven by strong volume growth, higher realizations and operating efficiencies.
The company's Oman operations are now classified as ‘Discontinued operations'. Hence, our Q2 FY21 estimates are not comparable to the reported results.
The company's consolidated debt fell by Rs 70 billion to Rs 289 billion in H1 FY21 due to Oman divestment and prepayments from operating cash flows.
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