JSW Steel Q4 profit plunges 64.5% as revenues take a hit
Business Standard|May 18, 2024
JSW Steel has posted a 64.5 per cent decline in its net profit to ₹1,299 crore for the March quarter, impacted by lower revenues, and one-time tax costs.
AMRITHA PILLAY

For the quarter under review, the Sajjan Jindal-promoted steel major has reported a consolidated net profit of ₹1,299 crore, down from ₹3,664 crore reported a year ago.

The net sales for the company also fell 1.5 per cent year-on-year (Yo-Y) to 45,646 crore. JSW Steel on Friday also announced the chief financial officer's appointment and the acquisition of a coking coal mine in Mozambique.

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