JSW Steel Q3 PAT jumps 1327% yoy at Rs2,669cr on robust revenue boost
Fri, Jan 22, 2021 4:30 PM

JSW Steel Q3 PAT jumps 1327% yoy at Rs2,669cr on robust revenue boost

A Flip by Flipitnews
Get it on Google Play
JSW Steel announced a mammoth 21.07% growth YoY in Dec-20 quarter consolidated revenues at Rs21,859cr. The company saw volume growth of over 5% in crude steel and also in saleable steel. For the Dec-20 quarter, the consolidated operating profits were up 237.8% at Rs4,716cr. Consolidated Profit after tax (PAT) for the Dec-20 quarter was up 1327% at Rs2,669cr.

More great flips

Buy these stocks as market likely poised for potential rebound

Buy these stocks as market likely poised for potential rebound

By Jigar S Patel, senior manager - equity research at Anand Rathi. Throughout the week ending May 10, bearish sentiment prevailed as key market indices faced significant downward pressure across most sessions. Despite attempts to surpass the 22,600 mark, the Nifty spot index faltered and slipped below 22,000 levels. Though it didn't maintain these lower levels, the pressure remained palpable.

Open Flip
Next round of talks for India-Asean trade pact review in July

Next round of talks for India-Asean trade pact review in July

Senior officials of India and the 10-nation bloc of Southeast Asian nations – ASEAN – will hold the next round of talks in July to review the existing free trade agreement in Jakarta, Indonesia, an official statement said on Sunday.The last round of the three-day negotiations concluded on May 9 in Putrajaya, Malaysia.The discussions for review of AITIGA (Asean-India Trade in Goods Agreement).

Open Flip
Shapoorji Pallonji group seeks more time to repay lenders

Shapoorji Pallonji group seeks more time to repay lenders

Shapoorji Pallonji group has sought an extension of repayment terms for Rs 14,300 crore of debt raised in June last year, by SP Group entity Goswami Infratech through rupee-denominated zero-coupon non-convertible debentures (NCDs), according to documents seen by Moneycontrol.These funds were raised from a group of investors, including Cerberus Capital, Varde Partners, Canyon Capital.

Open Flip

Join our Smart Investment Community

More than 1 Million users are using FlipItMoney to stay updated about the business and finance world! Join FlipItMoney now and take smart investment decisions!
Icon