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JSW Steel's net profit decreased

Indian company JSW Steel announced its consolidated financial results for the fiscal year ending March 2023. The company's net profit decreased y-o-y, while sales increased.

JSW Steel's net profit decreased

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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