JSW Steel, a part of the diversified JSW Group, has been on a roll. In the just-concluded fiscal (FY18), the company reported a 76% year-on-year rise in net profit to Rs.61 billion on the back of 18% growth in turnover to Rs.715 billion. In fact, operating margins rose to nine‐year high level of Rs.11,100/tonne and analysts expect the momentum to sustain given the structural withdrawal of Chinese supplies, following a clampdown on pollution in the Asian region. Importantly, the company’s net debt fell by Rs.35.29 billion during the year, resulting in a D/E of 1.27x, even as i
Trend
Proving His Mettle
Sajjan Jindal bumps up holding as JSW Steel’s numbers head north
|
Published 3 years ago on Jul 20, 2018 • 2 minutes Read

You don’t want to be left behind. Do you?
Our work is exclusively for discerning readers. To read our edgy stories and access our archives, you’ve to subscribe
Editor's Pick
Most Popular
Relative Value
Prathamesh Mulye - August 16, 2018
How far did Baba Ramdev stretch to bag Ruchi Soya?
V Keshavdev - June 05, 2020
Virtual door to good fortune
Shailaja Mohapatra - June 29, 2020
Why Ashish Kacholia, Mukul Agrawal and Kedaara Capital are hot on Religare Enterprises
Anishaa Kumar - July 16, 2020
Tulsi Tanti built his empire on 'soojh-boojh', loans and one other secret ingredient
Krishna Gopalan - July 17, 2020