JSW Steel Ltd posts consolidated PAT of Rs. 2760 crores in Q2 FY2024

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

Financial Results (Q2 FY2024) - QoQ Comparison

The company has reported total income of Rs. 44821 crores during the period ended September 30, 2023 as compared to Rs. 42544 crores during the period ended June 30, 2023.

The company has posted net profit / (loss) of Rs. 2760 crores for the period ended September 30, 2023 as against net profit / (loss) of Rs. 2338 crores for the period ended June 30, 2023.

The company has reported EPS of Rs. 11.33 for the period ended September 30, 2023 as compared to Rs. 9.67 for the period ended June 30, 2023.

Financials	Q2 FY2024	Q1 FY2024	% Change
Total Income	₹44821 crs	₹42544 crs	5.35%
Net Profit	₹2760 crs	₹2338 crs	18.05%
EPS	₹11.33	₹9.67	17.17%

Financial Results (Q2 FY2024) - YoY Comparison

The company has reported total income of Rs.44821 crores during the period ended September 30, 2023 as compared to Rs.41966 crores during the period ended September 30, 2022.

The company has posted net profit / (loss) of Rs.2760 crores for the period ended September 30, 2023 as against net profit / (loss) of Rs.-848 crores for the period ended September 30, 2022.

The company has reported EPS of Rs.11.33 for the period ended September 30, 2023 as compared to Rs.-3.53 for the period ended September 30, 2022.

Financials	Q2 FY2024	Q2 FY2023	% Change
Total Income	₹44821 crs	₹41966 crs	6.80%
Net Profit	₹2760 crs	₹-848 crs	425.47%
EPS	₹11.33	₹-3.53	420.96%

Financial Results (Half Year Ended FY2024) - YoY Comparison

The company has reported total income of Rs.87365 crores during the 6 Months period ended September 30, 2023 as compared to Rs.80241 crores during the 6 Months period ended September 30, 2022.

The company has posted net profit / (loss) of Rs.5098 crores for the 6 Months period ended September 30, 2023 as against net profit / (loss) of Rs.-10 crores for the 6 Months period ended September 30, 2022.

The company has reported EPS of Rs.21 for the 6 Months period ended September 30, 2023 as compared to Rs.-0.05 for the 6 Months period ended September 30, 2022.

Financials	Half Year Ended FY2024	Half Year Ended FY2023	% Change
Total Income	₹87365 crs	₹80241 crs	8.88%
Net Profit	₹5098 crs	₹-10 crs	51,080.00%
EPS	₹21	₹-0.05	42,100.00%

Shares of JSW Steel Limited was last trading in BSE at Rs. 780.85 as compared to the previous close of Rs. 784.35. The total number of shares traded during the day was 30970 in over 1351 trades.

The stock hit an intraday high of Rs. 782.65 and intraday low of 769.25. The net turnover during the day was Rs. 24057211.00.

Source : Equity Bulls

Keywords

JSWSteel Q2FY24 H1FY24 ResultUpdate