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JSW Steel net up 189% in Q1

Mint Mumbai

|

July 22, 2023

JSW Steel Ltd’s net profit during the first quarter of the current fiscal grew 189.39% to ₹2,428 crore from ₹839 crore during the same period last year, the company announced Friday.

- Naman Suri

JSW Steel net up 189% in Q1

The company’s revenues grew by about 11% at ₹42,213 crore over ₹38,086 crore during the same period last year, beating analysts estimates. The operating profit of the company was ₹7,046 crore in the first quarter of the current fiscal, with an Ebitda margin of 16.7%, the company reported.

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