JSW Steel on Friday reported its highest-ever consolidated web revenue of Rs 5,900 crore for the June quarter (Q1FY22) as towards a lack of Rs 582 crore in the identical quarter final yr.

Its income from operations rose by a large 145 per cent to Rs 28,902 crore for the reporting quarter as towards Rs 11,782 crore within the corresponding quarter of final yr.

The firm’s earnings earlier than curiosity, taxes, depreciation, and amortisation (EBITDA) got here in at Rs 10,274 crore, with an EBITDA margin of 35.5 per cent.

Saleable metal gross sales for the quarter stood at 3.47 million tonnes and the corporate elevated exports by 14% QoQ to partially offset the autumn in home demand attributable to second wave.

During the quarter, the metal main spent Rs 2,688 crore on capital expenditure towards a complete deliberate capex spend of over Rs 18,000 crore in FY22.

Ahead of the outcomes, the corporate’s scrip closed flat at Rs 717 on NSE.


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