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Sajjan Jindal-led JSW Steel reported a lower-than-expected consolidated net profit attributable to the owners of the company at Rs 4,198 crore in the March quarter, as against a meager Rs 231 crore clocked in the corresponding period last year. The company’s top line in the period under review stood at Rs 26,456 crore, up 51 per cent from the same period last year lent support to the bottomline. The company’s saleable steel sales during the quarter were up 11 per cent year-on-year at 4.06 million tonne. Higher sales volumes up by 10 per cent year-on-year, higher value added steel volumes up 37 per cent year-on-year and increase in net sales realization of up 39 per cent year-on-year pushed up the topline.
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JSW Steel output up 6% in Q4
April 08, 2021
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Sajjan Jindal-led JSW Steel has registered six per cent rise in March quarter production at 4.19 million tonnes (mt), leading to capacity utilisation of 93 per cent. However, utilisation was at 96 per cent in March.
Flat product output was up four per cent at 2.99 mt (2.87 mt), while that of long products was up 11 per cent at 1.05 mt (0.95 mt).
Even though the average capacity utilisation improved from a low of 66 per cent in last June quarter, the crude steel production last fiscal was down six per cent at 15.98 mt (16.06 mt) mainly due to disruption in production caused by Covid-19 outbreak in June quarter.
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