JSW Steel Ltd posts consolidated loss of Rs. 561 in Q1 FY21

JSW STEEL LTD. has reported financial results for the period ended June 30, 2020.

Financial Results (Q1 FY 2020-21) - QoQ Comparison

The company has reported total income of Rs.11914 crores during the period ended June 30, 2020 as compared to Rs.18009 crores during the period ended March 31, 2020.

The company has posted net profit / (loss) of Rs.(561) crores for the period ended June 30, 2020 as against net profit / (loss) of Rs.231 crores for the period ended March 31, 2020.

The company has reported EPS of Rs.(2.34) for the period ended June 30, 2020 as compared to Rs.0.95 for the period ended March 31, 2020.

Financials	Q1 FY2020-21	Q4 FY19-20	% Change
Total Income	₹ 11914 crs	₹ 18009 crs	-33.84%
Net Profit	₹ (561) crs	₹ 231 crs	-342.86%
EPS	₹ (2.34)	₹ 0.95	-346.32%

Financial Results (Q1 FY 2020-21) - YoY Comparison

The company has reported total income of Rs.11914 crores during the period ended June 30, 2020 as compared to Rs.19953 crores during the period ended June 30, 2019.

The company has posted net profit / (loss) of Rs.(561) crores for the period ended June 30, 2020 as against net profit / (loss) of Rs.1028 crores for the period ended June 30, 2019.

The company has reported EPS of Rs.(2.34) for the period ended June 30, 2020 as compared to Rs.4.25 for the period ended June 30, 2019.

Financials	Q1 FY2020-21	Q1 FY2019-20	% Change
Total Income	₹ 11914 crs	₹ 19953 crs	-40.29%
Net Profit	₹ (561) crs	₹ 1028 crs	-154.57%
EPS	₹ (2.34)	₹ 4.25	-155.06%

Shares of JSW STEEL LTD. was last trading in BSE at Rs.209.45 as compared to the previous close of Rs. 207. The total number of shares traded during the day was 329964 in over 3130 trades.

The stock hit an intraday high of Rs. 210.35 and intraday low of 205.4. The net turnover during the day was Rs. 68908207.

Source : Equity Bulls

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