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JSW Steel reports fall of 85% in Q4 consolidated net profit
May-23-2020

JSW Steel has reported results for the fourth quarter and year ended March 31, 2020.

The Company has reported a fall of 85.99% in its net profit at Rs 242 crore for the quarter under review as compared to Rs 1727 crore for the same quarter in the previous year. Total income of the company decreased by 22.66% at Rs 15423 crore for Q4FY20 as compared Rs 19942 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a fall of 84.83% in its net profit attributable to owners of the company at Rs 231 crore for the quarter under review as compared to Rs 1523 crore for the same quarter in the previous year. Total income of the company decreased by 19.68% at Rs 18009 crore for Q4FY20 as compared Rs 22421 crore for the corresponding quarter previous year.

For the year ended March 31, 2020, the company has reported a fall of 34.85% in its net profit at Rs 5291 crore as compared to Rs 8121 crore for the previous year. Total income of the company decreased by 16.37% at Rs 64890 crore for year under review as compared to Rs 77592 crore for year ended March 31, 2019.

For the year ended March 31, 2020, on the consolidated basis, the company has reported a fall of 47.24% in its net profit attributable to owners of the company at Rs 4030 crore as compared to Rs 7639 crore for the previous year. Total income of the company decreased by 13.05% at Rs 73872 crore for year under review as compared to Rs 84961 crore for year ended March 31, 2019.

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