25
Jan
12:17
JSW Steel’s December-quarter profit surges 400%
Indian steelmaking major JSW Steel reports its consolidated net profit jumped by 417% year-on-year to INR 24.5 billion ($294.77 million) in the third fiscal quarter ending December 2023 (FQ3). The surge was supported by robust domestic demand, Kallanish notes.
The company’s consolidated revenue from operations rose 7% to INR 419.4 billion, while Ebitda increased by 57.9% to INR 71.8 billion. However, the latter fell 9% on-quarter, according to JSW’s ex…
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Anonymous
Very good overview of the weekly steel market.
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