JSW Steel posts record profit of ₹ 5,904 crore in Q1, revenue rises 145% - News Summed Up

JSW Steel posts record profit of ₹ 5,904 crore in Q1, revenue rises 145%


JSW Steel recorded its highest-ever consolidated net profit at ₹5,904 core in the quarter ended June 30, 2021, on low base effect. The share of profit from JVs for the quarter stood at ₹323 crore," JSW Steel said in a regulatory filing on Friday. JSW Steel reported production of 5.07 million tonnes of crude steel and sales up to 4.33 million tonnes, during the June quarter this fiscal. This included 4.93 million tonnes of crude steel production and sales up to 4.23 million tonnes from Indian operations. Construction and infrastructure activities are expected to gain momentum in H2 FY2022," JSW Steel stated in its filing.


Source: Mint July 23, 2021 10:42 UTC



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