JSW Steel Q2 Results 2023

Read this story to learn about Q2- highlights, performance, earnings, dividend updates, market performance, etc.,

Highlights of the Result

· Gross Revenue from operation stood at ₹44,584 Cr · Net profit saw a surge of 14% QoQ · EBITDA Margin saw a surge of 12% QoQ

Performance Highlights

· The gross revenue stood at         ₹ 44,584 Cr · The EBITDA Stood at ₹ 7,886 Cr · The Net profit Reached to               ₹ 2,773 Cr from the loss of          ₹ 915 Cr reported in Q2 FY 23

Key Ratios

· Net debt to equity: 0.92 x · Net debt to EBITDA: 2.52 x

Future Outlook

· In the U.S., strong services sector and jobs, but potential late-2023 slowdown due to higher rates. · Europe's growth hampered by higher rates, global slowdown; recovery hopes on eased inflation and demand.

Source: JSW Steel Financial Report – Q2 Report, BSE