JSW Steel Q1 PAT up 64%, boosted by higher sales

JAS Steel has reported a jump of 64% growth in its April-June quarter profit at Rs 405, on the back of strong steel demand and higher prices. Going forward, growing concerns about cost pressures and falling prices could cloud earnings, say analysts.

July 27, 2011 / 10:05 IST

26 Aug, 2025 12:21

Volume

Todays L/H

Moneycontrol Bureau

JSW Steel has reported a jump of 64% growth in its April-June quarter profit at Rs 405, on the back of strong steel demand and higher prices. Going forward, growing concerns about cost pressures and falling prices could cloud earnings, say analysts.

Net sales shot up 54% to Rs 7,432 crore from Rs 4,818 crore year-on-year. CNBC-TV18 poll saw net profit at Rs 410 crore and net sales at Rs 6,800 crore ahead of the result announcement.

Seshagiri Rao, joint managing director and group CFO said,

first published: Jul 26, 2011 03:25 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

Al Edge Newsletter On Saturdays

Find the best of Al News in one place, specially curated for you every weekend.
MC Tech 3 Newsletter Daily-Weekdays

Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347