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JSW Steel reports over 2-fold jump in Q2 consolidated net profit

26 Oct 2018 Evaluate

JSW Steel has reported results for second quarter ended September 30, 2018.

The company has reported around 3-fold jump in its net profit at Rs 2284 crore for the quarter under review as compared to Rs 845 crore for the same quarter in the previous year. Total income of the company increased by 29.29% at Rs 19,871 crore for Q2FY19 as compared Rs 15,369 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported over 2-fold jump in its net profit at Rs 2126 crore for the quarter under review as compared to Rs 839 crore for the same quarter in the previous year. Total income of the company increased by 25.05% at Rs 21,608 crore for Q2FY19 as compared Rs 17,279 crore for the corresponding quarter previous year.

Peers
Company Name CMP
JSW Steel 1255.00
Tata Steel 184.65
Steel Authority 181.60
Jindal Stainless 746.95
APL Apollo Tubes 2181.05
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