JSW Steel Ltd Q1 FY24; 189% rise in Profits

JSW Steel is primarily engaged in the business of manufacture and sale of Iron and Steel Products. The company aims to expand its crude steel capacity from 18 MnTPA in FY20 to 45 MnTPA within the next decade. In 2021, the company completed the acquisition of BPSL and became the largest steel producer in India. The company is the owner of single largest steel plant in India with a capacity of 12 MnTPA.

Financial Results:

• JSW Steel Ltd reported Revenues for Q1FY24 of ₹42,213.00 Crores up from ₹38,086.00 Crore year on year, a rise of 10.84%.
• Total Expenses for Q1FY24 of ₹39,064.00 Crores up from ₹36,994.00 Crores year on year, a rise of 5.6%.
• Consolidated Net Profit of ₹2,428.00 Crores up 189.39% from ₹839.00 Crores in the same quarter of the previous year.
• The Earnings per Share is ₹9.67, up 178.67% from ₹3.47 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.
*The presented data is automatically generated. It may occasionally generate incorrect information.