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JSW Steel reports 38% fall in Q2 consolidated net profit

24 Oct 2020 Evaluate

JSW Steel has reported results for second quarter ended September 30, 2020.

The company has reported 42% fall in its net profit of Rs 1,692 crore for the quarter under review as against net profit of Rs 2,917 crore for the same quarter in the previous year. However, total income of the company increased 7.89% at Rs 16,948 crore for Q2FY21 as compared Rs 15,708 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported 37.77% fall in its net profit attributable to owners at Rs 1,593 crore for the quarter under review as against net profit of Rs 2,560 crore for the same quarter in the previous year. However, total income of the company increased by 9.52% at Rs 19,416 crore for Q2FY21 as compared Rs 17,728 crore for the corresponding quarter previous year.

Peers
Company Name CMP
JSW Steel 1187.00
Tata Steel 167.25
Steel Authority 165.00
Jindal Stainless 688.40
APL Apollo Tubes 2021.00
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