Jindal Steel, (formerly Jindal Steel & Power Ltd) reported second-quarter results largely in line with Street expectations. The company posted a consolidated net profit of ₹ 638 crore, marginally below the CNBC-TV18 poll estimate of ₹ 640 crore and down 25.9% year-on-year from ₹ 861 crore.

Revenue from operations rose 4.2% to ₹ 11,685 crore, above the poll estimate of ₹ 11,154.6 crore, while EBITDA stood at ₹ 2,080.5 crore versus an estimate of ₹ 1,962 crore.

EBITDA margin came in at 17.8%, nearly matching expectations of 17.6%, but lower than 19.6% in the same quarter last year.

The company’s total capex for the quarter stood at ₹ 2,699 crore, primarily driven by expansion projects at Angul .

During the period, Jindal Steel commissioned the count

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