JSW Steel Q1 results show revenue fell from 47427 crores to 42,544 crores, a -10.30% decrease in growth. EPS down from ₹15.16 to ₹9.67, down by -36.21%.
First, Let’s Begin with Quarter-on-Quarter Basis:
JSW Steel shared its Q1 results on Friday. They earned 42,544 crores in revenue this quarter, but that’s less than the 47427 crores they made last quarter. Unfortunately, the company’s growth decreased by -10.30 percent when comparing the two quarters.
In terms of profits, the company’s PAT (Profit After Tax) for this quarter was 2338 crores, down from 3664 crores in the previous quarter. Their quarter-to-quarter growth decreased by -36.19 percent.
The company’s EPS (Earnings Per Share) this quarter is ₹9.67, which is a decrease of -36.21% from the ₹15.16 EPS in the previous quarter.
Now, Let’s Analyze the Results on a Year-over-Year Basis:
The company made a total revenue of 42544 crores this year (2023), which is 11.15 percent higher than last year’s total revenue of 38275 crores.
This year’s PAT (Profit After Tax) is 2338 crores, which is also 179.00% higher than last year’s PAT of 838 crores.
The EPS (Earnings Per Share) for this year is ₹9.67, which is 179.48% more than the EPS of ₹3.46 earned last year.
Also Read: UltraTech Cement Q1FY24 Results: Consolidated PAT of Rs. 1688.45 Cr
JSW Steel Share Dividend Announcement / Record Date:
The record date for the dividend has not arrived yet.
About JSW Steel :
JSW Steel Limited, headquartered in Mumbai, is an Indian multinational steel producer and serves as the flagship company of the JSW Group. Following the merger of Bhushan Power & Steel, Ispat Steel, and Jindal Vijayanagar Steel Limited, JSW Steel attained the position of India’s second-largest private sector steel company.
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