JSW Steel Ltd on Thursday reported a fivefold rise in consolidated internet revenue at Rs 2,450 crore for the December 2023 quarter, on the again of robust home demand. Its earnings throughout October-December 2023 elevated to Rs 42,134 crore from Rs 39,322 crore within the yr-in the past interval.
JSW Steel had logged a internet revenue of Rs 474 crore within the yr-in the past interval, JSW Steel mentioned in a submitting to BSE.
“The strong performance was driven by capacity utilisation rising to 94 per cent during the quarter vs 89 per cent in Q2 FY24 at the Indian operations,” the corporate mentioned in a press release.
JSW Steel is the flagship enterprise of the diversified, $23-billion JSW Group. The group can also be into power, infrastructure, cement, paints, sports activities, and enterprise capital.
