JSW Steel reports highest ever quarterly consolidated crude steel production of 6.58 MT in Q4 FY23

JSW Steel reported its highest ever quarterly consolidated crude steel production at 6.58 million tonnes for Q4 FY23, registering a growth of 13% YoY and 7% QoQ. This was driven by improved capacity utilisation at the Indian operations (capacity utilisation of 96% in Q4 FY23 versus 91% in Q3 FY23).

Consolidated Crude Steel production for FY23 was the highest ever at 24.15 Mnt, up 24% YoY.

The Company achieved combined production of 24.57 million tonnes against its guidance of 25 Million tonnes, which is a 98% achievement. While the Company achieved 100% of its Guidance for Consolidated Indian Operations, production volumes at JISPL and JSW Steel USA - Ohio were impacted due to shutdowns and subdued market conditions for part of the year.

Shares of JSW Steel Limited was last trading in BSE at Rs. 688.75 as compared to the previous close of Rs. 682.80. The total number of shares traded during the day was 30633 in over 1777 trades.

The stock hit an intraday high of Rs. 693.00 and intraday low of 681.05. The net turnover during the day was Rs. 21088656.00.

Source : Equity Bulls

Keywords

JSWSteel INE019A01038 SalesVolume Production Q4FY23 FY2023