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JSW Steel on Friday reported a 64 per cent decline in the consolidated net profit to Rs 845 crore for the April-June quarter of 2024-25 on the back of lower sales volume and realisation. The Sajjan Jindal-led company had made a net profit of Rs 2,338 crore in the same quarter last year. Consolidated crude steel production for the quarter stood at 6.35 million tonnes (mt), lower by 1 per cent Y-o-Y and 6 per cent Q-o-Q. Capacity utilisation at the Indian operations was 87 per cent ...
JSW Steel posts 64 per cent decline in Q1 net profit at Rs 845 crore
Billionaire Sajjan Jindal-led JSW Steel on Friday reported a 64 per cent decline in its consolidated net profit to Rs 1,299 crore for the January-March quarter of 2023-24 compared to the corresponding figure of Rs 3,664 crore in the same period last year. The steel major’s revenue from operations in the fourth quarter declined marginally to Rs 46,269 crore from Rs 46,962 crore in the same period of the previous year, according to a regulatory filing. The expenses of the comp...
JSW Steel posts 64 pc decline in Q4 net profit at Rs 1,299 crore
Shares of Indian steel-to-power conglomerate JSW Group pared losses on Monday after falling as much as 5%, following news over the weekend about its billionaire Chairman Sajjan Jindal, who denied an allegation of rape levelled against him. In a statement on Sunday to Reuters, a representative for Jindal said: "As the investigation is ongoing, we will refrain from commenting further at this stage." In early trade on Monday, flagship firm JSW Steel was down 1.2%, while JSW Energ...
India`s JSW Group firms` shares pare losses after early slump
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