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JSW Steel Q4 net profit jumps 3-fold to Rs 28.79 billion

JSW Steel is a part of the diversified JSW Group, which has presence in steel, energy, infrastructure, cement and JSW Ventures

Press Trust of India  |  New Delhi 

JSW

Sajjan Jindal-led on Wednesday reported about three-fold jump in its consolidated net profit to Rs 28.79 billion for the fourth quarter ended March 31.

The company had posted a consolidated net profit of Rs 10.08 billion in the year-ago quarter, said in a filing.

The consolidated total income of the company increased by 16 per cent to Rs 208.62 billion during the quarter under review as against Rs 179.73 billion in the corresponding quarter of the previous fiscal.

Its total expenses increased to Rs 172.75 billion during the fourth quarter of the last fiscal compared to Rs 165.78 billion in the year-ago period.

The company said it "achieved its highest ever production for the quarter at 4.31 million tonnes , up 5 per cent year-on-year. The company also achieved highest ever quarterly sales volume of 4.22 MT aided by robust domestic demand".

is a part of the diversified JSW Group, which has presence in steel, energy, infrastructure, and

It is the leading integrated steel company in with an installed of 18 million tonne per annum (MTPA).

The shares of the company closed at Rs 336.65 a scrip on the BSE, up 0.87 per cent from the previous close.
 

First Published: Thu, May 17 2018. 00:26 IST
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