InvestorQ : How do you see the JSW quarterly results for Mar-21 quarter?
Juvina Maggie made post

How do you see the JSW quarterly results for Mar-21 quarter?

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Deepa Salunkhe answered.
3 months ago
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JSW Steel reported a whopping growth of over 1700% in net profits in the Mar-21 quarter at Rs.4,198 crore on a consolidated basis. This was record net profits by JSW steel in a quarter and was aided by strong domestic demand combined with focus on exports and improved steel prices. The total revenue from operations stood at Rs.26,934 crore for the Mar-21 quarter, which is another quarterly record in terms of top line, a growth of 50% yoy.

The operating profit or EBITDA for the March 2021 quarter stood at Rs 8,440 crore. This was largely aided by a better product mix and focus on high value added products. The total debt came down by Rs 858 crore during the quarter despite a relatively large Rs.15,000 crore allocation to capital expenditure during the fiscal year. JSW has paid out a dividend of Rs.6.50 per share and the stock only reacted marginally as stellar numbers were factored in.

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