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


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 […]

Read more

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


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 […]

Read more

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


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 […]

Read more