Sunday, July 3, 2022
News

JSW Steel Q4 net profit falls 23 per cent to Rs 3,234 crore

   SocialTwist Tell-a-Friend    Print this Page   COMMENT

New Delhi | May 27, 2022 8:24:00 PM IST
JSW Steel Limited on Friday reported a consolidated net profit of Rs 3,234 crore for the quarter ended March 2022, which is 23 per cent lower when compared with Rs 4,198 crore recorded in the corresponding period of last year.

On a sequential basis, the company's net profit is lower by 25.6 per cent. JSW Steel Limited reported Rs 4,357 crore profit during the third quarter of 2021-22.

The company's consolidated revenue during the quarter ended March surged by 74 per cent year-on-year to Rs 46,895 crore as compared to Rs 26,934 crore recorded in the corresponding quarter of last year.

The Company reported the highest ever Crude Steel Production of 5.01 million tonnes, which was higher by 20 per cent year-on-year due to higher capacity utilisation of 98 per cent at the existing facilities and additional production of 0.59 million tonnes from Dolvi Phase-II during the quarter, JSW Steel Limited said in a statement.

Saleable Steel sales for the quarter was 5.11 million tonnes, an increase of 26 per cent year-on-year.

On a standalone basis, the company's revenue from operations stood at Rs 36,011 crore, up by 48 per cent YoY led by higher sales volumes (up 26 per cent YoY), higher value-added steel volume (up 23 per cent YoY) and an increase in net sales realisation (up 23 per cent YoY).

Exports were at 0.87 million tonnes in Q4 FY2022 vs 0.84 million tonnes in Q4 FY2021, JSW Steel said. (ANI)

 
  LATEST COMMENTS ()
POST YOUR COMMENT
Comments Not Available
 
POST YOUR COMMENT
 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
 
MORE BUSINESS NEWS
After terrible first half, 2022 may brin...
Hero MotoCorp sales rise 35.7 pc year-on...
Kharif 2022: Rice, oil seeds sowing less...
FPI sell-off continues for 9-month, pull...
IDT and MANTRA presented India's first s...
Newsahoot launches a new website to help...
More...
 
INDIA WORLD ASIA
NDA is Nitish and Nitish is NDA, says Up...
NIA keeps close watch on groups in touch...
Assam man arrested for supporting Udaipu...
KCR insulted not just PM but institution...
While opposing PM, oppn attacking countr...
Maha political crisis eclipsed Udaipur-t...
More...    
 
 Top Stories
Assam Floods: Over 22.17 lakh maroo... 
Wimbledon 2022: Alize Cornet ends I... 
India hands over 50-bedded hospital... 
Wimbledon 2022: Halep ousts Frech, ... 
Pak-based Hurriyat leader Hamid Lon... 
Trump eyeing early announcement of ... 
Jr U-17 Women National Football C's... 
Prophet row: Jamaat-e-Islami Hind s...