JSW Ispat Q3 revenue growth by 26.92%

20 Jan 2022 , 05:23 PM

JSW Ispat Ltd. (formerly known as Monnet Ispat and Energy Ltd.) has announced its Q3 results and reported a robust increase in its revenue. However, the company’s PAT has declined significantly over the period.

The company reported consolidated revenue of Rs 1,473.24 crore for the quarter ending December 2021 against Rs 1,160.74 for the previous corresponding quarter, up by 26.92%.

The company reported a net loss of Rs 28.24 crores for Q3 FY’22, against a net profit of Rs 29.49 crore for Q3 FY’21, dipped by 195.76%.

The company’s consolidated revenue for the 9M period stood at Rs 4372.81 crores against Rs 2710.64 crores for the previous corresponding 9M period, up by 61.32%.

It reported a net loss of Rs 1.84 crore for the 9M period against Rs 116.58 crore for the 9M period ending December 2020.

The company’s share remained in red in today’s trade considering poor financial performance. The share closed at Rs 37.70 today against its previous closing price of Rs 38.90, down by Rs 1.20 (3.08%).