According to JSW Steel's consolidated financial results for the fiscal year ending March 2023, the company's net profit decreased by 80.2% y-o-y to 41.39 billion rupees (about 69 billion yen).
Sales increased by 13.4
JSW Steel's sales increased by 13.4% to 1,659.6 billion rupees. This is a record level for the second year in a row.
High production costs negatively affected the company's profit
Higher production costs had a negative impact on the company's profit and EBITDA decreased by 52.5% to 185.47 billion rupees.
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