Top Stories
L&T Partners with PS Technology to Revolutionise Railways
6 mins read. August 2, 2024 at 12:45 PM
Jindal Saw Q1 FY24 PAT Rises 67% to Rs 441 Cr
4 mins read. August 2, 2024 at 12:41 PM
Pfizer Q1 FY25 PAT Zooms 61% to Rs 151 Cr
4 mins read. August 2, 2024 at 12:36 PM

JSW Steel Q4FY23 PAT up 13.3% at Rs3,664 crore on tax credits and exceptional losses in base year
JSW Steel reported flat revenues for the March 2023 quarter on consolidated basis at Rs46,962cr. Revenues were up 20% sequentially. For the quarter the company reported ever crude steel production of 6.58 million tonnes. Operating EBITDA stood at Rs7,939 crore. For the full year FY23, the operating EBITDA stood at Rs15,371 crore while full year crude steel production also stood at a record level of 20.87 million tonnes.
The steel output in the quarter was up 8%. This was helped by ramp-up in Dolvi Phase 2, which boosted its capacity utilization by 6 bps to 91%. During the quarter, the company witnesses higher volumes and higher realizations, combined with lower energy prices. However, the operating numbers were under pressure due to a spike in the input costs in the quarter.
Financial highlights for Mar-23 compared yoy and sequentially
JSW Steel | |||||
Rs in Crore | Mar-23 | Mar-22 | YOY | Dec-22 | QOQ |
Total Income (Rs cr) | ₹ 46,962 | ₹ 46,895 | 0.14% | ₹ 39,134 | 20.00% |
Operating Profit (Rs cr) | ₹ 7,941 | ₹ 9,182 | -13.51% | ₹ 4,547 | 74.63% |
Net Profit (Rs cr) | ₹ 3,664 | ₹ 3,234 | 13.30% | ₹ 490 | 647.76% |
|
|
|
|
| |
Diluted EPS (Rs) | ₹ 15.16 | ₹ 13.38 |
| ₹ 2.03 |
|
OPM | 16.91% | 19.58% |
| 11.62% |
|
Net Margins | 7.80% | 6.90% |
| 1.25% |
|
Despite pressure on operations, the net profits were up 13.3% at Rs3,664 crore with the net margins expanding from 6.9% to 7.8% yoy. This was helped by a one-time exceptional hit in the year ago quarter of Rs741 crore while the tax liability in the current quarter was down over 70% on account of deferred tax credits in the latest quarter. The company has recommended dividend of Rs3.40 per share to shareholders.
Related News

BLS's Q2FY24 Financial Performance Review
2 mins read. November 6, 2023 at 08:56 AM

Interglobe Aviation's Q2FY24 Financial Performance Review
2 mins read. November 3, 2023 at 11:31 AM

Titan's Q2FY24 Financial Performance Review
2 mins read. November 3, 2023 at 10:59 AM

Zomato's Q2FY24 Financial Performance Review
3 mins read. November 3, 2023 at 09:50 AM
Download app
Access BlinkX
everywhere
across device
