Consolidated Ebitda of ₹5,522 crore, adjusted for forex translation, rose 33% year-on-year (y-o-y).
Profitability improved despite a drop in realization. It was aided by a sharp decline in raw material prices and higher volumes. Ebitda is earnings before interest, taxes, depreciation and amortization.
On a standalone basis, (domestic operations) Ebitda fell 4.3% y-o-y to ₹6,734 crore, primarily impacted by lower steel realizations. Realization during the quarter was lower because of a significant increase in exports from China.
This story is from the November 09, 2024 edition of Mint Mumbai.
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This story is from the November 09, 2024 edition of Mint Mumbai.
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