JSW Steel Q3 PAT up 63% YoY to Rs 4,357 cr on robust domestic operations

Strong revenue stream led by automotive, solar, appliance segments push up bottom line

Sajjan Jindal-led JSW Steel reported a consolidated net profit of Rs 4,357 crore in the December quarter, up 63 per cent from corresponding period last year on the back of strong revenues mainly from India operations.

The net sales of the company in the period under review stood at Rs 37,462 crore, up 74 percent from the same period last year because of increased domestic sales in automotive, solar and appliance segments.

Overall exports were moderated to 15 percent of sales during the quarter as against 30 percent of sales in Q2 FY2022.

As per Bloomberg estimates, the company’s topline