JSW Steel dips 4% in a firm market on disappointing Q4 results

Shares of JSW Steel dipped 4 per cent to Rs 525.75 on the BSE in Monday’s intra-day trade, in an otherwise firm market, after the company reported disappointing results in terms of profit in Q4FY22. The company's consolidated profit after tax (PAT) declined 20 per cent year on year (YoY) to Rs 3,343 crore in March quarter on higher raw material cost, lower net sales realisation, and an impairment provision. The company’s net profit a year ago stood at Rs 4,191 crore.

JSW recorded an exceptional loss of Rs 741 crore in the quarter, as a subsidiary in the