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JSW Steel soars on reporting three fold jump in Q4 consolidated net profit

19 May 2016 Evaluate

JSW Steel is currently trading at Rs. 1337.00, up by 26.65 points or 2.03% from its previous closing of Rs. 1310.35 on the BSE.

The scrip opened at Rs. 1315.90 and has touched a high and low of Rs. 1344.00 and Rs. 1309.95 respectively. So far 58301 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1379.00 on 29-Apr-2016 and a 52 week low of Rs. 801.00 on 28-Jul-2015.

Last one week high and low of the scrip stood at Rs. 1344.00 and Rs. 1254.00 respectively. The current market cap of the company is Rs. 32439.10 crore.

The promoters holding in the company stood at 41.48% while Institutions and Non-Institutions held 37.23% and 21.29% respectively.

JSW Steel has reported a rise of 97.21% in its net profit at Rs 372.19 crore for the quarter ended March 31, 2016 as compared to Rs 188.73 crore for the same quarter in the previous year. However, total income of the company has decreased by 14.21% at Rs 9560.51 crore for quarter under review as compared to Rs 11143.46 crore for the quarter ended March 31, 2015.

On consolidated basis, the company has posted a jump of around three fold in its net profit after taxes, Minority Interest & Share of Profit of Associates at Rs 171.25 crore for the quarter ended March 31, 2016 as compared to Rs 62.38 crore for the corresponding quarter in the FY15. However, total income of the company declined 14.58% at Rs 10778.29 crore for quarter under review as compared to Rs 12618.00 crore for the same quarter ended previous year.

For the year ended March 31, 2016, the company has posted a net loss of Rs 3498.28 crore as compared to a net profit of Rs 2166.48 crore for the same period in the previous year. Total income of company decreased 20.49% at Rs 37017.11 crore for year under review as compared to Rs 46554.09 crore for the period ended March 31, 2015.

For the year ended March 31, 2016, on the consolidated basis, the company has posted a net loss after taxes, Minority Interest & Share of Profit of Associates of Rs 741.95 crore as compared to a net profit of Rs 1796.57 crore for the same period in the previous year. Total income of company has decreased by 20.79% at Rs 42047.09 crore for year under review as compared to Rs 53082.95 crore for the period ended March 31, 2015.

 

 

JSW Steel Share Price

1245.55 21.15 (1.73%)
10-Jul-2026 16:59 View Price Chart
Peers
Company Name CMP
Tata Steel 191.15
JSW Steel 1245.55
Steel Authority 168.05
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