JSW Steel declines on reporting 71% fall in Q3 consolidated net profit
JSW Steel is currently trading at Rs. 914.00, down by 18.25 points or 1.96% from its previous closing of Rs. 932.25 on the BSE.
The scrip opened at Rs. 898.90 and has touched a high and low of Rs. 926.95 and Rs. 898.90 respectively. So far 47470 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1063.35 on 04-Oct-2024 and a 52 week low of Rs. 762.00 on 14-Mar-2024.
Last one week high and low of the scrip stood at Rs. 952.95 and Rs. 898.90 respectively. The current market cap of the company is Rs. 224345.95 crore.
The promoters holding in the company stood at 44.85%, while Institutions and Non-Institutions held 36.69% and 18.47% respectively.
JSW Steel has reported 46.77% fall in its net profit at Rs 1286 crore for third quarter ended December 31, 2024 (Q3FY25) as compared to Rs 2416 crore for the same quarter in the previous year. Total income of the company decreased by 4.29% at Rs 32251 crore for Q3FY25 as compared to Rs 33696 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 70.65% fall in its net profit at Rs 719 crore for the quarter ended December 31, 2024 as compared to Rs 2450 crore for the same quarter in the previous year. Total income of the company decreased by 1.45% at Rs 41525 crore for Q3FY25 as compared to Rs 42134 crore for the corresponding quarter previous year.
