Home / Companies / Results / JSW Steel Q4 consolidated PBT at Rs 953 crore, down 60% on weak demand

JSW Steel Q4 consolidated PBT at Rs 953 crore, down 60% on weak demand

Net sales down 20%, impairment provision hurts bottomline further

Conserving cash is the mantra: Firms put capex plans on hold amid Covid-19

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The company’s consolidated net debt/equity stood at 1.48x at the end of the quarter, while net debt/EBITDA stood at 4.50x

Aditi Divekar Mumbai

3 min read Last Updated : May 22 2020 | 10:29 PM IST

Sajjan Jindal-led JSW Steel reported a consolidated profit before tax of Rs 953 crore in March quarter, down 60 per cent from same period last year as revenues declined sharply on the back of weak demand scenario amid economic slowdown.

Net sales of the company stood at Rs 17,556 crore in the period under review, down 20 per cent from same period last year as volumes dropped along with realisations.

The company reported crude Steel production of 3.97 million tonne, which was lower by 5 per cent year-on-year. Saleable steel sales for the quarter was 3.70 million tonne, down 14

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