JSW Steel reports record Q1 profit growth and IPO plans
JSW Steel's Q1 profit surged to ₹4,696 cr, more than doubling from ₹2,209 cr last year, driven by record sales and higher other income. The company also plans to raise up to ₹811 cr through an IPO of JSW One Platforms, enhancing market outlook.
pre-market1 source ↓written by the desknot a recommendation
- Revenue rose
- 9.8% YoY to ₹47,364 cr
- raise
- ₹811 cr
JSW Steel reported a consolidated net profit of ₹4,696 cr for Q1, more than doubling from ₹2,209 cr a year ago. Revenue rose 9.8% YoY to ₹47,364 cr, exceeding estimates. The board approved an IPO for JSW One Platforms, aiming to raise up to ₹811 cr. This strong performance may boost investor sentiment in the steel sector.
Not investment advice. For informational purposes only.