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JSW Steel reports over 5-fold jump in Q3 consolidated net profit

29 Jan 2024 Evaluate

JSW Steel has reported results for third quarter ended December 31, 2023 (Q3FY24). 

The company has reported 95.79% rise in net profit at Rs 2416 crore for the quarter ended December 31, 2023 as compared to Rs 1234 crore for the same quarter in the previous year. Total income of the company increased by 7.83% at Rs 33696 crore for Q3FY24 as compared Rs 31250 crore for corresponding quarter of the previous year.

On consolidated basis, the company reported over 5-fold jump in its net profit at Rs 2450 crore for Q3FY24 as compared to Rs 474 crore for the same quarter in the previous year. Total income of the company increased by 7.15% at Rs 42134 crore for Q3FY24 as compared Rs 39322 crore for corresponding quarter of 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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