JSPL Q2 results: Net profit jumps nearly three-fold to Rs 2,584 crore

New Delhi: Domestic steel maker JSPL on Tuesday reported a nearly three-fold rise in consolidated net profit to Rs 2,584 crore during the September quarter, mainly on account of increased income. Its net profit was Rs 897 crore in the year-ago period, Jindal Steel and Power Limited (JSPL) said in a regulatory filing.

The company's total income during the July-September quarter rose to Rs 13,615 crore from Rs 8,295 crore a year ago.

Its expenses increased to Rs 10,109 crore against Rs 7,066 crore in the year-ago period.

With investments worth Rs 90,000 crore across the globe, JSPL has a significant presence in the steel, power and mining sectors.