JSW Steel’s net profit jumps 14 times to Rs 2,669 crore in the third quarter, FY 2021

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On the back of a strong recovery in steel demand, JSW Steel reported record numbers for the three months of October-December. The net profit of Mumbai-based company increased nearly 14 times on a year-on-year basis to Rs 2,669 crore. Consolidated revenue from operations surged 21% y-o-y to Rs 21,859 crore. Overall sales volumes were slightly lower by […]

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JSW Steel reports Q2 net profit of Rs. 1,595 crore on recovery in domestic demand

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JSW Steel, India’s second largest private steel manufacturer, swung back to profit in the July-September quarter as domestic demand recovered and the pandemic-induced lockdown curbs were eased across the country. The company reported a net profit of Rs 1,595 crore for Q2, down 37 per cent year-on-year but far better than the June quarter performance […]

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Kamath Committee report may force ferrous and non-ferrous firms to iron out loan-rejig challenges

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The K V Kamath Committee report has identified 26 sectors, including ferrous and non-ferrous, impacted by the pandemic for a loan restructuring scheme to be rolled out by banks and non-banking financial companies. The committee has identified five key ratios with different limits across sectors as a threshold for implementing a resolution plan. The five key ratios […]

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