JSW Steel Ltd.

JSW Steel has reported results for first quarter ended June 30, 2023 (Q1FY24). 

JSW Steel has reported 78.35% rise in its net profit at Rs 1,705 crore for the quarter under review as compared to Rs 956 crore for the same quarter in the previous year. Total income of the company increased by 5.87% at Rs 33,229 crore for Q1FY24 as compared Rs 31,388 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported over 2-fold jump in its net profit at Rs 2,428 crore for the quarter ended June 30, 2023 as compared to Rs 839 crore for the same quarter in the previous year. Total income of the company increased by 11.15% at Rs 42,544 crore for Q1FY24 as compared Rs 38,275 crore for the corresponding quarter previous year.