Today’s Current Affairs: JSW Steel Reports 64.66% Dip in Net Profit for Q4
JSW Steel Ltd, a major player in the steel industry, reported a significant 64.66% year-on-year dip in net profit for the fourth quarter that ended in March 2024. The company’s revenue from operations also saw a decline, falling by 1.5% compared to the previous fiscal year. Despite these challenges, the board of directors has recommended a final dividend for the year.
On a positive note, shares of JSW Steel Ltd ended higher after the announcement of the financial results. Stay tuned for more updates on the Market and economic developments.
1. What was the percentage decrease in net profit reported by JSW Steel Ltd for the fourth quarter ending March 31, 2024?
- a. 10%
- b. 25%
- c. 50%
- d. 64.66%
Answer: d. 64.66%
2. How much revenue did JSW Steel Ltd generate from operations in the fourth quarter of fiscal year 2024?
- a. ₹44,721 crore
- b. ₹46,962 crore
- c. ₹46,269 crore
- d. ₹5,997 crore
Answer: c. ₹46,269 crore
3. What was the EBITDA margin for JSW Steel Ltd in the reporting quarter?
- a. 13.2%
- b. 16.91%
- c. 10%
- d. 22.9%
Answer: a. 13.2%
4. What is the amount of final dividend per fully paid-up equity share recommended by the board of directors for the year ended March 31, 2024?
- a. ₹25
- b. ₹7.30
- c. ₹10
- d. ₹20
Answer: b. ₹7.30
What was JSW Steel’s net profit for the fourth quarter ending March 31, 2024?
JSW Steel reported a 64.66% year-on-year dip in net profit at ₹1,322 crore.
What was JSW Steel’s revenue from operations in the same quarter?
The company’s revenue from operations fell 1.5% to ₹46,269 crore.
What was the EBITDA for JSW Steel in the fourth quarter?
At the operating level, EBITDA tanked 22.9% to ₹6,124 crore in the fourth quarter.
What was the EBITDA margin for JSW Steel in the reporting quarter?
EBITDA margin stood at 13.2% in the reporting quarter as compared to 16.91% in the corresponding period in the previous fiscal.
What was the final dividend recommended by the board of directors?
The board of directors has recommended a final dividend of ₹7.30 per fully paid-up equity share for the year ended March 31, 2024.
Today's current affairs in the steel industry saw JSW Steel Ltd reporting a significant 64.66% decrease in net profit for the fourth quarter ending March 31, 2024. The company's revenue from operations also fell by 1.5% compared to the previous fiscal year. Despite the drop in profit and revenue, the board of directors recommended a final dividend of ₹7.30 per share for the year. The results were announced after Market hours, with JSW Steel Ltd's shares closing higher on the BSE. This news comes amidst a challenging time for the steel industry globally.
