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

24 May 2021 CW Team

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

Resources

09 Mar 2026

Haworth India Hosts Women’s Leadership Panel Series

Haworth India marked International Women’s Day by hosting a leadership roundtable series titled ‘Give to Gain’, bringing together senior women leaders from architecture and design firms, corporates and project management consultancies. The series has been conducted in Delhi and Mumbai, with upcoming sessions scheduled in Bengaluru and Hyderabad on 27 March 2026. Structured as moderated panel discussions followed by audience interaction, the initiative examined the business impact of women’s leadership and the role of inclusive workplaces in supporting professional growth. Manish Khan..

Max Estates Secures RERA For Max One Project

Max Estates has secured RERA approval (UPRERA No.: UPRERAPRJ9759) for its Max One development around Max Towers in Sector 16B, Noida, bringing renewed progress to a project previously stalled following the insolvency of its earlier developer. Spread across around 10 acres with an estimated development potential of about 2.5 million sq ft, Max One is planned as an integrated mixed-use campus combining serviced residences, premium offices, retail spaces and a private club. The project is expected to generate total sales potential of about Rs 20 billion along with an estimated annuity rental inc..

Hindware Introduces Starc Smart Wall Mount Toilet

Hindware has introduced the Starc Smart Wall-Mount Toilet under its Hindware Italian Collection, designed to combine automation, hygiene and contemporary bathroom aesthetics. The model features automatic flushing, sensor-based seat opening and closing, and remote-controlled functions. It also includes an oscillating water spray and warm air dryer for cleaning, along with a self-cleaning nozzle designed to maintain hygiene. Additional features include adjustable heated seating, customisable water temperature and pressure settings, a foot-touch flush system and an LCD control interface. The wa..