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26-Jan-2024

JSW Steel

Capex spend was Rs 12898 crore during 9MFY24


'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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