JSW Steel Ltd posts consolidated Q1FY24 net profit of Rs. 2338 crores

JSW Steel Limited has reported Consolidated financial results for the period ended June 30, 2023.

Financial Results (Q1 FY2024) - QoQ Comparison

The company has reported total income of Rs. 42544 crores during the period ended June 30, 2023 as compared to Rs. 47427 crores during the period ended March 31, 2023.

The company has posted net profit / (loss) of Rs. 2338 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs. 3664 crores for the period ended March 31, 2023.

The company has reported EPS of Rs. 9.67 for the period ended June 30, 2023 as compared to Rs. 15.16 for the period ended March 31, 2023.

Financials	Q1 FY2024	Q4 FY2023	% Change
Total Income	₹ 42544 crs	₹47427 crs	-10.30%
Net Profit	₹2338 crs	₹3664 crs	-36.19%
EPS	₹9.67	₹15.16	-36.21%

Financial Results (Q1 FY2024) - YoY Comparison

The company has reported total income of Rs. 42544 crores during the period ended June 30, 2023 as compared to Rs.38275 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs.2338 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs.838 crores for the period ended June 30, 2022.

The company has reported EPS of Rs.9.67 for the period ended June 30, 2023 as compared to Rs.3.46 for the period ended June 30, 2022.

Financials	Q1 FY2024	Q1 FY2023	% Change
Total Income	₹ 42544 crs	₹38275 crs	11.15%
Net Profit	₹2338 crs	₹838 crs	179.00%
EPS	₹9.67	₹3.46	179.48%

Shares of JSW Steel Limited was last trading in BSE at Rs. 799.10 as compared to the previous close of Rs. 791.80. The total number of shares traded during the day was 135583 in over 2770 trades.

The stock hit an intraday high of Rs. 801.50 and intraday low of 786.00. The net turnover during the day was Rs. 107250605.00.

Source : Equity Bulls

Keywords

JSWSteel Q1FY24 ResultUpdate