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JSW Steel reports 90% fall in Q3 consolidated net profit

21 Jan 2023 Evaluate

JSW Steel has reported results for third quarter ended December 31, 2022.

The company has reported fall of 63.96% in its net profit at Rs 1,234 crore for Q3FY23 as compared to Rs 3,424 crore for the corresponding quarter previous year. However, total income of the company increased by 6.86% to Rs 31,250 crore for the quarter under review as compared to Rs 29,244 crore for the same quarter in the previous year.

On the consolidated basis, the company has reported fall of 89.50% in its net profit at Rs 474 crore for Q3FY23 as compared to Rs 4,516 crore for the same quarter in the previous year. However, total income of the company increased by 2.87% to Rs 39,322 crore for the quarter under review as compared to Rs 38,225 crore for the same quarter in the previous year.

Peers
Company Name CMP
JSW Steel 1267.50
Tata Steel 182.85
Steel Authority 179.00
Jindal Stainless 755.20
APL Apollo Tubes 2153.00
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