JSW STEEL REPORTS 65% FALL IN 04 NET PROFIT TO ₹1,322 CRORE
The Free Press Journal|May 18, 2024
JSW Steel has posted a 65 per cent fall in consolidated net profit to Rs 1,322 crore for the March quarter, impacted by raw material costs and some other expenses.
JSW STEEL REPORTS 65% FALL IN 04 NET PROFIT TO ₹1,322 CRORE

It had clocked Rs 3,741 crore net profit in the year-ago period, the company said in an exchange filing on Friday.

The company's total income also fell to Rs 46,511.28 crore from Rs 47,427 crore in January-March FY23.

During the period under review, its expenses stood at Rs 44,401 crore, as against Rs 43,170 crore a year ago.

Among the expenses, the cost of raw materials rose to Rs 24,541 crore from 23,905 crore in the January-March period. While "other expenses" increased to Rs 7,197 crore from Rs 6,653 crore in the year-ago period.

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