Sajjan Jindal-led JSW Steel today reported about three-fold jump in its consolidated net profit to ₹ 2,879 crore for the fourth quarter ended March 31, 2018. The company had posted a consolidated net profit of ₹1,008 crore in the year-ago quarter.
The consolidated total income of the company increased by 16 per cent to ₹ 20,862 crore during the quarter as against ₹ 17,973 crore in the corresponding quarter of the previous fiscal.
Its total expenses increased to ₹ 17,275 crore during the fourth quarter compared to ₹ 16,578 crore in the year-ago period.
The company said it “achieved its highest ever crude steel production for the quarter at 4.31 million tonnes , up 5 per cent year-on-year. The company also achieved highest ever quarterly sales volume of 4.22 million tonnes aided by robust domestic demand“.
JSW Steel is a leading integrated steel company in India with an installed steel-making capacity of 18 million tonne per annum (MTPA).
The shares of the company closed at ₹ 336.65 a scrip on the BSE, up 0.87 per cent from the previous close.