JSW Steel has reported consolidated
crude steel production of 6.35 million tonnes for the first quarter of FY
2024-25, which is lower by 1% as compared with production volume of 6.43
million tonnes posted in Q1 of FY 2023-24.
Sequentially, the production volume has
declined by 6%. The steel maker had recorded production volume of 6.79 million
tones in Q4 of FY 2023-24.
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The company cited planned maintenance
shutdowns as the reason for lower steel production volume.
Further, the capacity utilisation level
at the companys Indian operations stood at 87% for Q1 FY25. The companys India
division has recorded steel production volume of 6.12 million tonnes in Q1
FY25, down 6% YoY and down 1% QoQ.
Ohio-based JSW Steel USA has reported steel production volume of 0.23 million
tonnes for Q1 FY25 as against 0.24 million tonnes for Q1 FY24 and 0.25 million
tonnes for Q4 FY24.
JSW Steel, the flagship business of the
diversified JSW Group, is India's leading integrated steel company.
The company had reported 64.66% decline
in consolidated net profit to Rs 1,332 crore on 1.48% fall in revenue from
operations to Rs 46,269 in Q4 FY24 over Q4 FY23.
The scrip shed 0.74% to currently trade
at Rs 928.10 on the BSE.
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