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JSW Steel reports 48% fall in Q4 consolidated net profit

JSW Steel has reported results for fourth quarter and year ended March 31, 2019. The company has reported a fall of 21.92% in its net profit at Rs 1,745 crore for the quarter under review as compared to Rs 2,235 crore for the same quarter in the previous year. Total income of the company decreased marginally by 2.21% at Rs 19,784 crore for Q4FY19 as compared Rs 20,232 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a fall of 48.07% in its net profit at Rs 1,495 crore for the quarter under review as compared to Rs 2,879 crore for the same quarter in the previous year. However, total income of the company increased by 4.86% at Rs 22,421 crore for Q4FY19 as compared Rs 21,381 crore for the corresponding quarter previous year.

For the year ended March 31, 2019, the company has reported a rise of 78.57% in its net profit at Rs 8,259 crore as compared to Rs 4,625 crore for the previous year. Total income of the company increased by 13.70% at Rs 77,246 crore for year under review as compared to Rs 67,936 crore for year ended March 31, 2018.

For the year ended March 31, 2019, on the consolidated basis, the company has reported a rise of 23.08% in its net profit at Rs 7,524 crore as compared to Rs 6,113 crore for the previous year. Total income of the company increased by 15.79% at Rs 84,961 crore for year under review as compared to Rs 73,378 crore for year ended March 31, 2018.

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