'JSW
Steel consolidated net sales increased 7.17% to Rs 41940 crore during Q3FY24
compared to Q3FY23. Operating profit margin has jumped from 11.62% to 17.12%,
leading to 57.91% rise in operating profit to Rs 7,180.00 crore. Raw material cost as a % of total sales (net
of stock adjustments) decreased from 54.22% to 52.70%. Purchase of finished goods cost fell from
0.61% to 0.50%. Employee cost decreased
from 2.61% to 2.57%. Other expenses
fell from 30.93% to 28.64%. Power and
Oil fuel cost fell from 11.06% to 8.32%.
Other direct service cost rose from 4.50% to 5.90%.
Other
income rose 3.19% to Rs 194 crore.
PBIDT
rose 55.73% to Rs 7374 crore. Provision
for interest rose 9.73% to Rs 1996 crore.
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