JSW Steel Q2 consolidated net profit rises 350% to Rs 7,170 crore

Saleable steel sales for the quarter stood at 3.83 million tonne (Indian operations excluding JVs), an increase of 10 percent sequentially

Sajjan Jindal-led JSW Steel today reported highest ever consolidated net profit of Rs 7,179 crore in the quarter ending September 30, 2021, up 350 percent from same period last year on increased revenue.

The company also reported highest ever quarterly revenue from operations at Rs 32,503 crore and highest ever quarterly operating EBITDA of Rs 10,417 crore.

Net sales of the company stood at Rs 31,909 crore in the September quarter, up 71 percent from corresponding period last year and up 12 percent from preceding quarter.

According to Bloomberg estimates, the company’s net sales in September quarter were expected to