JSW Steel Q2 net profit up almost 3-fold to Rs 20.87 bn, beats expectations

Increased volume sales, better realisation lend strong support to bottomline

Sajjan Jindal-led JSW Steel on Thursday reported a better-than-expected consolidated net profit of Rs 20.87 billion in the quarter ended September, almost three times higher than the Rs 8.36 billion garnered in the same period last year, on the back of higher revenues, which grew in volumes as well as in terms of realisations.   

Revenues from operations stood at Rs 208.91 billion in the period under review, up 23.54 per cent from the same period last year, on the back of increased domestic sales, which went up 11 per cent on a year-on-year basis as the share of auto sales