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India: JSW's profit margins shrink on falling rates, result

Gangya Metal455 people have read

On the other hand, the share of exports came down to around 10% of overall sales or 560,000 tonnes (t) in Q2 from 880,000 t in the previous quarter. Losses out of 15% export responsibility revealed on 21 May amounted to INR 60 crores. The company also endured losses since of the volatility

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Sophia

Indian steel major, JSW Steel, posted negative profit after tax (PAT) at INR 91 crore in Q2FY'23. Lower output during the quarter amid declining steel prices weighed on the company's financial performance. Operating EBIDTA dropped to around INR 1,742...

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