JSW Steel posts massive 18-fold hike in consol Q4 PAT at Rs 4,198 cr

Top line up 51% to Rs 26,456 cr; last year's Q4 profit was just Rs 231 cr

Sajjan Jindal-led JSW Steel reported a lower-than-expected consolidated net profit attributable to the owners of the company at Rs 4,198 crore in the March quarter, as against a meager Rs 231 crore clocked in the corresponding period last year.

The company’s top line in the period under review stood at Rs 26,456 crore, up 51 per cent from the same period last year lent support to the bottomline. The company’s saleable steel sales during the quarter were up 11 per cent year-on-year at 4.06 million tonne.

Higher sales volumes up by 10 per cent year-on-year, higher value added steel volumes