JSW Steel Ltd has reported a 13.5 per cent rise in net profit in the quarter ending March at ₹1,501 crore compared with ₹1,322 crore in Q4FY24, backed by lower raw material cost, especially coking coal.
The rise in profit came despite revenue from operations slipping 3.13 per cent to ₹44,819 crore compared with ₹46,269 crore in Q4FY24. For the full year, net profit fell 61.1 per cent to ₹3,491 crore from ₹8,973 crore as steel prices came off due to a surge in cheap imports.
JSW’s revenue also came down by 3.5 per cent to ₹168,824 crore compared with ₹175,006 crore in FY24. The company board announced a dividend of ₹2.8 a share for the year.
The company’s consolidated crude steel production stood at 7.63 million tonnes, up 12 per cent and sales were up 11 per cent at 7.49 mt.
