Mumbai. JSW Steel today presented its report on the stock exchanges for the third quarter (Q3) ended December. In its report, the company has said that in the quarter ended December 2021, the company has registered a bumper growth of 69.2% in its consolidated net profit as compared to the quarter ended December 2020.
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The company said that JSW Steel had a consolidated net profit of Rs 2,669 crore in the previous year quarter, while the company had a consolidated net profit of Rs 4,516 crore in the quarter ended December of this year. Apart from this, there has also been a huge increase in the consolidated revenue of the company. According to the report, JSW Steel had earned a revenue of Rs 21,859 crore in the quarter ended 2020. Compared to this, in the quarter ended December 2021 this year, the company has collected revenue of Rs 38,071 crore, registering a growth of 74.2%.
The consolidated EBITDA of the company has also increased by 53.6% to Rs 9,132 crore as against Rs 5,946 crore in the previous year. This year’s consolidated EBITDA margin is also lower (24%) as compared to the company’s last year’s consolidated EBITDA margin (27.2%).
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JSW Steel share price showed a profit-booking trend today. Today the company’s shares fell by 2.32% or Rs 15.80 to close at 666.65. However, JSW Steel today submitted its quarterly report around the time of the closing of the stock exchanges. Therefore, perhaps today the trend of increasing in the value of the shares of the company was not visible. It is possible that the share price of the company is seen making good gains in yesterday’s trading.
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