Q3FY17 Results: JSW Steel Ltd.
Bhagyashree Vivarekar / 31 Jan 2017
JSW Steel Ltd. Ltd. reported its results for the quarter ended December 31, 2016 during the day. The company's total sales for Q3FY17 at Rs 15,312.34 crore represent a 6.18 per cent sequential and 59.68 per cent YoY increase.
JSW Steel Ltd. reported its results for the quarter ended December 31, 2016 during the day.
The company's total sales for Q3FY17 at Rs 15,312.34 crore represent a 6.18 per cent sequential and 59.68 per cent YoY increase.
Its operating profit (EBIT) for the quarter was Rs 1952.34 crore, while its EBIT margin was 12.75 per cent.
The company's PAT of Rs 714.47 crore represents a sequential QoQ increase of 8.47 per cent and a YoY decline of 187.71 per cent.
The stock opened for trading at Rs 197.10 on the BSE and closed 1.07 per cent higher at Rs 198.40.
JSW Steel, a flagship company of the JSW Group, is engaged in the manufacturing of steel. The company has two business segments, viz. steel and power (mainly used for captive consumption). The company's products include hot rolled, cold rolled, galvanized, galvalume, pre-painted galvanised, pre-painted galvalume, TMT rebars, wire rods and special steel bars, rounds and blooms.
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