• JSW Steel reported 19% quarter-on-quarter (QoQ) decline in its consolidated revenues for the quarter ended June (Q1FY23). On a year-on-year (YoY) basis, it witnessed a growth of 32%.
  • Its expenses for the quarter were down by 10% QoQ and up 78% YoY.
  • The net profit decreased by 75% QoQ and 86% on a YoY basis.
  • The earnings per share (EPS) of JSW Steel stood at 3.5 during Q1FY23.

JSW Steel’s Financial Statements for Q1FY23:

(Rs, crores) Q1FY22 Q4FY22 Q1FY23 QoQ (%) YoY (%)
Total Income 29,100 47,128 38,275 -19% 32%
Total Expenses 20,804 41,282 36,977 -10% 78%
Profit before tax 8,619 5,074 1,281 -75% -85%
Tax 2,719 1,731 442 -74% -84%
Profit after tax 5,900 3,343 839 -75% -86%
Earnings per share 24.5 13.5 3.5    

Data Source: BSE, Company announcements

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The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results