JSW Steel Q4FY23 net profit grows 13.29% to Rs 3,664 cr
Mumbai: JSW Steel announced on Friday reported a consolidated net profit of Rs 3,664 crore for the quarter ending in March 2023, marking a 13.29 percent increase compared to Rs 3,234 crore in the same quarter of the previous year.
According to the company's filing with the stock exchange, its revenue from operations for the quarter amounted to Rs 46,962 crore, reflecting a marginal growth of 0.14 percent from Rs 46,895 crore.
JSW Steel reported achieving its highest-ever crude steel production and saleable steel sales during the quarter.
The total combined crude steel production for the company in the quarter was 6.77 million tonnes, representing an 8 percent sequential increase primarily driven by the ongoing ramp-up of the Dolvi plant expansion, which has a capacity of 5 million tonnes per annum.
The board of directors also declared a dividend of Rs 3.4 per share for the shareholders. The total amount allocated for dividends is Rs 822 crore.
IBNS
Senior Staff Reporter at Northeast Herald, covering news from Tripura and Northeast India.
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