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Jindal Steel Q3 Results Review: IDBI Capital Maintains 'Hold' On The Stock — Here's Why
JSPL's management believes the commissioning of the blast furnace in Q4 FY25 will help maintain quarterly volume run rate over 2 mn tonnes from Q1 FY26 onwards, adds the brokerage.
31 Jan 2025, 10:51 AM IST 
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JSPL's Ebitda/tonne fell by 3% QoQ to Rs 11,494 due to higher iron ore costs, attributed to lower production at Tensa mines.
(Photo Source: Jindal Steel Power Website)
JSPL incurred capex of Rs 28.5 billion, largely for the expansion at Angul, leading to an increase in net debt to Rs 135 billion in Q3 FY25, up from Rs 125 billion in Q2 FY25.
