JSW Steel Ltd consolidated Q1 FY23 profit slides to Rs. 838 crores

JSW Steel Limited has reported Consolidated financial results for the period ended June 30, 2022.

Financial Results (Q1 FY2023) - QoQ Comparison

The company has reported total income of Rs. 38275 crores during the period ended June 30, 2022 as compared to Rs. 47128 crores during the period ended March 31, 2022.

The company has posted net profit / (loss) of Rs. 838 crores for the period ended June 30, 2022 as against net profit / (loss) of Rs. 3234 crores for the period ended March 31, 2022.

The company has reported EPS of Rs. 3.46 for the period ended June 30, 2022 as compared to Rs. 13.38 for the period ended March 31, 2022.

Financials	Q1 FY2023	Q4 FY2022	% Change
Total Income	₹ 38275 crs	₹47128 crs	-18.79%
Net Profit	₹838 crs	₹3234 crs	-74.09%
EPS	₹3.46	₹13.38	-74.14%

Financial Results (Q1 FY2023) - YoY Comparison

The company has reported total income of Rs. 38275 crores during the period ended June 30, 2022 as compared to Rs.29100 crores during the period ended June 30, 2021.

The company has posted net profit / (loss) of Rs.838 crores for the period ended June 30, 2022 as against net profit / (loss) of Rs.5904 crores for the period ended June 30, 2021.

The company has reported EPS of Rs.3.46 for the period ended June 30, 2022 as compared to Rs.24.42 for the period ended June 30, 2021.

Financials	Q1 FY2023	Q1 FY2022	% Change
Total Income	₹ 38275 crs	₹29100 crs	31.53%
Net Profit	₹838 crs	₹5904 crs	-85.81%
EPS	₹3.46	₹24.42	-85.83%

Shares of JSW Steel Limited was last trading in BSE at Rs. 582.35 as compared to the previous close of Rs. 588.20. The total number of shares traded during the day was 141472 in over 3781 trades.

The stock hit an intraday high of Rs. 592.40 and intraday low of 579.65. The net turnover during the day was Rs. 82925817.00.

Source : Equity Bulls

Keywords

JSWSteel Q1FY23 ResultUpdate