Thursday, August 11, 2022
BusinessJSW Steel Q1 Result 2022: Profits down 86% to Rs 838, earnings...

JSW Steel Q1 Result 2022: Profits down 86% to Rs 838, earnings up 32%

The consolidated Ebitda of the company declined 58.1 per cent to Rs 4,309 crore in the first quarter of FY 2022-23 from Rs 10,274 crore in the first quarter of FY 2021-22

JSW Steel Q1 Result 2022: The country’s leading steel company JSW Steel has today declared the results of the first quarter of the financial year 2022-23 ending June 30, 2022. The company’s consolidated profit declined 86 per cent to Rs 838 crore in the June quarter. Which stood at Rs 5,900 crore in the June quarter of FY 2021-22.

At the same time, CNBC-TV18’s poll had estimated it to be at Rs 1,290 crore. The company’s consolidated income grew 32 per cent to Rs 38,086 crore in the first quarter from Rs 28,902 crore in the June quarter of FY 2021-22. Whereas CNBC-TV18 had estimated it at Rs 39,050 crore.

The company’s consolidated Ebitda declined 58.1 per cent to Rs 4,309 crore in the first quarter of FY 2022-23 from Rs 10,274 crore in the first quarter of FY 2021-22. At the same time, CNBC-TV18’s poll had estimated it to be at Rs 5,110 crore.

The company’s consolidated Ebitda margin declined to 11.3 per cent from 35.5 per cent year-on-year in the first quarter. At the same time, CNBC-TV18’s poll had estimated it to be at 13.09 percent. The company’s tax expense for the first quarter ended June 30, 2022 stood at Rs 442 crore. Which stood at Rs 2,719 crore in the first quarter of FY 2021-22.

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Updated on August 11, 2022 5:05 pm