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

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code