Q4 Results: Top Steelmaker Declares 13% Rise In Net Profit, Rs 3.4 Per Share Dividend

JSW Steel, one of India's leading steel producers, has announced its financial results for the fourth quarter, showcasing a robust performance and significant profit growth.

The company witnessed a significant rise in its consolidated net profit for the quarter ended March, reporting Rs 3,664 crore compared to Rs 3,234 crore in the corresponding period of the previous year.

The company's revenue from operations remained stable during the reporting quarter, standing at Rs 46,962 crore. This figure is nearly unchanged compared to the corresponding quarter of the previous year, where the revenue was recorded at Rs 46,895 crore.

The Board also announced a final dividend for the fiscal year ending March 2023 of Rs 3.40 per share.

JSW Steel Share's final trading price on May 19, 2023, was Rs 694.40 per share, up 0.38%. The stock's 52-week high and low prices are each Rs. 783.35 and Rs. 520.10, respectively. The market value of the bank is Rs 1,67,851.79 crore.