Tuesday, 26 May 2020

JSW Steel: Q4 PBT at Rs 953 crore

Sajjan Jindal-led JSW Steel reported a consolidated profit before tax of Rs 953 crore in March quarter, down 60 per cent from same period last year as revenues declined sharply on the back of weak demand scenario amid economic slowdown. Net sales of the company stood at Rs 17,556 crore in the period under review, down 20 per cent from same period last year as volumes dropped along with realisations. The company reported crude Steel production of 3.97 million tonne, which was lower by 5 per cent year-on-year. Saleable steel sales for the quarter was 3.70 million tonne, down 14 per cent on year-on-year basis.


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