Business Standard

JSW Steel Q4 net profit down 20%; announces JISPL merger with itself

Revenue up 74 per cent YoY to Rs 46,895 crore as company says its opportunities for exports are expanding.

jsw steel
Premium

Ishita Ayan Dutt Kolkata
JSW Steel reported on Friday a consolidated net profit of Rs 3,343 crore for the quarter ended March, down 20.23 per cent from the year-ago period on higher raw material cost, lower net sales realisation and an impairment provision. The company’s net profit a year back had stood at Rs 4,191 crore.

JSW recorded an exceptional loss of Rs 741 crore in the quarter, as a subsidiary in the US received a final arbitration order on its dispute with the lessors of a coking coal mining lease and plant lease and a consequential notice of termination of lease. The company

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: May 27 2022 | 8:23 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com