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.
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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
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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.
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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.
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