AT A GLANCE: JSW Steel reports 35% drop in full-year earnings for 2020

A summary of the financial results for Indian steelmaker JSW Steel for its fourth quarter and full year 2020 financial year, which ended on March 31.

In brief  Standalone drop in crude steel production and sales across all products Standalone drop in final-quarter and full-year earnings Lower raw material costs helped partially offset negative impact on margins Consolidated performance reported a drop in full-year revenues and earnings  Standalone full-year 2020 Production of crude steel 16.06 million tonnes, down 4% from 16.69 million tonnes year on year. Net profit after tax 52.91 billion rupees ($700.46 million), down 35% year on year Operating earnings before interest, taxes, depreciation and amortization (Ebitda) 125.17 billion rupees, down 32% year on year Revenues from operations 642.62 billion rupees, down 17% year on year Total saleable steel sales 15.08 million tonnes, down 4% from 15.76 million tonnes year on year.  Standalone fourth-quarter (January-March) results  Production of...

Published

Carrie Bone

May 26, 2020

13:13 GMT

London

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