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JSW Steel Q3 results: Net profit soars 69% to Rs 4,516 cr

Consolidated total income climbed 74% to Rs 38,225 cr

The reliefs and concessions sought by JSW were part of the committee of creditors approved resolution plan
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BS Web Team New Delhi
JSW Steel on Friday reported 69% jump in consolidated net profit at Rs 4,516 crore for the quarter ending December 31, 2021. The steelmaker reported consolidated net profit of Rs 2,669 crore a year ago. However, the net profit fell 37% sequentially when compared to Rs 7,179 crore reported in September quarter.

Consolidated total income climbed 74% to Rs 38,225 crore in Q3FY22 from Rs 22,006 crore a year ago.

On Friday, the company's scrip on BSE closed trading 2% lower at Rs 666.80

Expenses were also higher at Rs 31,986 crore as against Rs 18,120 crore.

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First Published: Jan 21 2022 | 3:56 PM IST

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