Newsletter
JSW Steel posted a strong quarter, beating expectations across almost all parameters.
Some key numbers:
Net profit: up 198% YoY to ₹2,410 crore vs ₹719 crore
Revenue: up 11.1% YoY to ₹45,991 crore vs ₹41,378 crore
What drove it: the company sold more steel, volumes rose 14% to 7.64 million tonnes, and its India plants ran at 93% capacity, meaning operations were close to full speed.
This figure excludes BF3, a furnace that was shut for repairs/upgrades.
Profit was also boosted by a one-time tax benefit of ₹1,439 crore linked to Bhushan Power and Steel, so it may not repeat every quarter.
Crude steel output rose 6% to 7.48 million tonnes, helped by the ramp-up at the Vijayanagar Metallics project.
