JSW Steel Q4 results: Net profit jumps to Rs 4,191 crore
Steel

JSW Steel Q4 results: Net profit jumps to Rs 4,191 crore

JSW Steel has posted a year-on-year jump in consolidated net profit at Rs 4,191 crore for the quarter ended March 31. It is the highest ever quarterly net profit reported by the company, supported by strong domestic demand developed by exports and improved steel costs.

JSW Steel, in a BSE filing, stated that the company had estimated a net profit of Rs 188 crore in a similar quarter of the previous financial year.

Total revenue in January-March 2021 increased to Rs 27,095 crore, corresponding with Rs 18,009 crore in the year-earlier span.

Total expense increased to Rs 20,752 crore, against Rs 17,056 crore the year earlier. Independently, JSW Steel’s net profit grew to Rs 4,018 crore from Rs 242 crore the preceding year.

The Board has approved a share of Rs 6.5 per equity share for the financial year ended March 31, 2021.

The operating profit or EBITDA for the March quarter at Rs 8,440 crore. The company stated its debt has decreased by Rs 858 crore even after paying on CapEx expenditure and acquisitions accumulating to about Rs 15,000 crore during FY 2021.

JSW Steel, a subsidiary of JSW Group, is a $13 billion Indian steel manufacturer based in Mumbai. It is one of the fastest growing companies in the country, with a global footprint in more than 140 countries. After the merger of Ispat steel, JSW Steel has become India's second-largest private sector steel company.

Image Source


Also read: India’s fastest growing steel companies in 2020: CW Survey

Also read: JSW Steel completes Bhushan Power and Steel acquisition

JSW Steel has posted a year-on-year jump in consolidated net profit at Rs 4,191 crore for the quarter ended March 31. It is the highest ever quarterly net profit reported by the company, supported by strong domestic demand developed by exports and improved steel costs. JSW Steel, in a BSE filing, stated that the company had estimated a net profit of Rs 188 crore in a similar quarter of the previous financial year. Total revenue in January-March 2021 increased to Rs 27,095 crore, corresponding with Rs 18,009 crore in the year-earlier span. Total expense increased to Rs 20,752 crore, against Rs 17,056 crore the year earlier. Independently, JSW Steel’s net profit grew to Rs 4,018 crore from Rs 242 crore the preceding year. The Board has approved a share of Rs 6.5 per equity share for the financial year ended March 31, 2021. The operating profit or EBITDA for the March quarter at Rs 8,440 crore. The company stated its debt has decreased by Rs 858 crore even after paying on CapEx expenditure and acquisitions accumulating to about Rs 15,000 crore during FY 2021. JSW Steel, a subsidiary of JSW Group, is a $13 billion Indian steel manufacturer based in Mumbai. It is one of the fastest growing companies in the country, with a global footprint in more than 140 countries. After the merger of Ispat steel, JSW Steel has become India's second-largest private sector steel company. Image Source Also read: India’s fastest growing steel companies in 2020: CW Survey Also read: JSW Steel completes Bhushan Power and Steel acquisition

Next Story
Infrastructure Urban

Consistent reforms will foster growth and reduce investor risk

Incorporated in 1986 as a wholly owned subsidiary of State Bank of India, SBI Capital Markets Ltd (SBICAPS) is a SEBI-registered Category I merchant banker and research analyst. It offers the entire bouquet of investment banking and corporate advisory services under one umbrella, covering project advisory and structured financing, capital markets, mergers and acquisitions, private equity, ESG advisory, startup advisory and stressed assets resolution. Headquartered in Mumbai, SBICAPS has seven regional offices of which six are in India (Ahmedabad, Bengaluru, Chennai, Hyderabad, Kolkata and New ..

Next Story
Infrastructure Urban

Adani Group Invests $240M in Global Skills Academy

The Adani Group has announced a partnership with ITE Education Services (ITEES) of Singapore to establish a world-class talent pipeline for industries such as Green Energy, Manufacturing, Hi-tech, Project Excellence, and Industrial Design. The initiative will see an investment of over $240 million by the Adani family to set up internationally benchmarked schools of excellence, named Adani Global Skills Academy. These finishing schools will train students from technical and vocational backgrounds, equipping them with industry-relevant certifications. Graduates will have employment opportunities..

Next Story
Infrastructure Urban

Swiggy to Invest $120M in Scootsy for Expansion

Food and grocery delivery giant Swiggy Ltd announced on Friday that it will invest up to $120 million in its wholly owned subsidiary Scootsy Logistics in one or more tranches. Scootsy specializes in supply chain services and distribution, including warehouse management, in-warehouse processing with value-added services, and order fulfillment for wholesalers and retailers. "We wish to inform that the Board of Directors of the company, at its meeting held on Friday, February 21, 2025, has approved the investment by the company in the equity shares of Scootsy Logistics Private Limited, a wholly..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?