JSW Steel output grows 39 pc to 4.10 MT in June quarter

By: |
July 09, 2021 1:34 PM

The company had produced 2.96 MT in the April-June quarter of 2020-21, JSW Steel said in a statement. In June alone, it produced 1.37 MT, up 18 per cent from 1.16 MT in the same month of 2020.

The Ebitda (earnings before interest, tax, depreciation and amortisation) was also the highest-ever at Rs 10,274 crore, with operating margins coming in at 35.5%.The Ebitda (earnings before interest, tax, depreciation and amortisation) was also the highest-ever at Rs 10,274 crore, with operating margins coming in at 35.5%.

Private steelmaker JSW Steel on Friday reported 39 per cent growth in its crude steel output to 4.10 million tonne (MT) during the quarter ended June 2021. The company had produced 2.96 MT in the April-June quarter of 2020-21, JSW Steel said in a statement. In June alone, it produced 1.37 MT, up 18 per cent from 1.16 MT in the same month of 2020.

The capacity utilisation level of the company came down to 91 per cent during the quarter under review, compared to 93 per cent a year ago due to a shortage of oxygen supply, which was diverted for medical purposes to combat the COVID-19 virus.

During the first quarter of the ongoing fiscal, the company said it has supplied over 65,000 tonnes of liquid medical oxygen (LMO) to various hospitals across the country. JSW Steel Ltd is the flagship company of the diversified USD 13 billion JSW Group, which has a leading presence in sectors such as steel, energy, infrastructure, cement, sports, among others.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1Tata Sons arm Panatone Finvest acquires 16.8% stake in Tejas Networks
2Centre encouraging patents, design trademarks ecosystem: Commerce and Industry Minister Piyush Goyal
3IDFC First Bank logs Rs 630 cr loss in Q1 on Covid provisioning