JSW Steel Q3 results: Net profit rises five times to Rs 2,450 crore, income rises to Rs 42,134 crore

Last updated: 2024/01/25 at 4:33 PM

By Justin 3 months ago

1 Min Read

JSW Steel Ltd on Thursday reported a five-fold rise in consolidated net profit to Rs 2,450 crore for the December 2023 quarter due to strong domestic demand. Its income during October-December 2023 rose to Rs 42,134 crore from Rs 39,322 crore in the year-ago period.

JSW Steel had posted a net profit of Rs 474 crore in the year-ago period, JSW Steel said in a filing to BSE.

“The strong performance was driven by capacity utilization increasing to 94 per cent during the quarter, up from 89 per cent in Q2FY20,” the company said in a statement.

JSW Steel is the flagship business of the $23 billion diversified JSW Group. The group is also into energy, infrastructure, cement, paints, sports and venture capital.

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Justin 25/01/2024 25/01/2024

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By Justin

Justin, a prolific blog writer and tech aficionado, holds a Bachelor's degree in Computer Science. Armed with a deep understanding of the digital realm, Justin's journey unfolds through the lens of technology and creative expression.With a B.Tech in Computer Science, Justin navigates the ever-evolving landscape of coding languages and emerging technologies. His blogs seamlessly blend the technical intricacies of the digital world with a touch of creativity, offering readers a unique and insightful perspective.