Rising steel volumes, improvement in power segment to aid JSPL's cash flows

Higher capacities may offset impact of volatility in prices


Jindal Steel and Power’s (JSPL) March quarter performance was driven by growth in the domestic steel business. Rising volumes, led by higher steel capacities, aided the segment. This, coupled with an improvement in the power segment outlook, is a positive as it could result in better cash flows.   JSPL’s stand-alone steel sales rose 24 per cent sequentially and 20 per cent year-on-year (YoY) to 1.51 million tonnes (mt), in March (Q4).  This helped consolidated sales increase 18.1 per cent YoY. However, due to weak realisations, per-tonne ...