JSW Steel Q4 Results: Impressive 13% YoY Profit Surge to Rs 3,664 Crore; Announces Dividend at Rs 3.40/share

 

JSW Steel, a major Indian steel company, reported a 13% increase in net profit for the quarter ended March 2023. The company's net profit stood at ₹3,664 crore, up from ₹3,234 crore in the same quarter last year.

The company's revenue from operations remained flat at ₹46,962 crore during the quarter. The board of directors has recommended a final dividend of ₹3.40 per share for the year ended March 2023.

The company's performance was driven by higher steel prices and volumes. JSW Steel said that it is well-positioned to benefit from the strong demand for steel in India and abroad. The company is also investing in capacity expansion and new technologies to improve its competitiveness.

The results of JSW Steel are in line with the overall performance of the Indian steel industry. The industry is expected to grow at a healthy pace in the coming years, driven by strong demand from infrastructure and construction sectors.

Here are some additional details about the company's performance:

• Operating EBITDA grew by 17% to ₹7,939 crore for the quarter ended March 2023.
• EBITDA margin stood at 16.9% for the quarter, up from 15.6% in the same quarter last year.
• The company's total debt stood at ₹59,345 crore as of March 2023, down from ₹69,498 crore in the same quarter last year.
• JSW Steel's net debt to equity ratio stood at 0.89 as of March 2023, down from 1.09 in the same quarter last year.

Overall, JSW Steel's performance in the quarter ended March 2023 was strong. The company's net profit grew by 13%, driven by higher steel prices and volumes. The company is well-positioned to benefit from the strong demand for steel in India and abroad.