In the first quarter of the fiscal year 2024, JSW Steel reported total sales amounting to a substantial Rs. 42,213.00 Crores, marking a notable increase from the previous year’s figure of Rs. 38,086 Crores. Their net profit for this same period reached Rs. 2,428.00 Crores, which was a significant jump from the Rs. 839 Crores reported in the previous year. Additionally, their operating profit stood at an impressive Rs. 7,012 Crores, compared to Rs. 4,292 Crores in the prior year. The operating margin for JSW Steel was reported at 17%, indicating a notable improvement from the 11% recorded in the previous year. Furthermore, their earnings per share (EPS) stood at Rs.9.67, a substantial increase from the Rs.3.47 reported in the previous year.
Moving on to Tata Steel’s performance in the same quarter of fiscal year 2024, they reported total sales of Rs. 59,490 Crores, a decrease from the previous year’s figure of Rs. 63,430 Crores. Their net profit for the same period was Rs. 524.85 Crores, a significant decline from the Rs. 7,714 Crores reported in the previous year. Tata Steel’s operating profit for the quarter was Rs. 4,903 Crores, which was notably lower than the Rs. 14,973 Crores recorded in the previous year. The operating margin for Tata Steel in this period was 8%, representing a considerable decrease from the 24% margin recorded in the prior year. Additionally, their EPS stood at Rs.0.52, down from Rs.6.36 in the previous year.
SAIL, in the first quarter of fiscal year 2024, reported sales totaling Rs. 24,359 Crores, a slight increase from the previous year’s figure of Rs. 24,029 Crores. Their net profit stood at Rs. 212 Crores, a significant decrease from the Rs. 804 Crores reported in the previous year. SAIL’s operating profit for the quarter was Rs. 1,649 Crores, compared to Rs. 2,302 Crores in the prior year. The operating margin for SAIL was 7%, down from the 10% margin recorded in the previous year. Furthermore, their EPS stood at Rs.0.51, a decrease from Rs.1.95 in the previous year.
Shifting to Jindal Stainless, their sales for the first quarter of fiscal year 2024 reached Rs. 10,184 Crores, up from Rs. 8,119 Crores in the previous year. Net profit for the same period was Rs. 738 Crores, compared to Rs. 508 Crores in the previous year. Jindal Stainless reported an operating profit of Rs. 1,192 Crores, a noticeable increase from the Rs. 889 Crores recorded in the previous year. The operating margin for Jindal Stainless was 12%, slightly higher than the 11% margin in the prior year. Their EPS stood at Rs.9.06, a slight decrease from the Rs.9.48 reported in the previous year.
Lastly, Jindal Saw’s sales for the first quarter of fiscal year 2024 amounted to Rs. 4,410 Crores, showing growth from Rs. 3,478 Crores in the previous year. Notably, their net profit for this period stood at Rs. 243 Crores, a significant improvement from the loss of Rs. 16 Crores reported in the previous year. Jindal Saw’s operating profit reached Rs. 608 Crores, compared to Rs. 238 Crores in the prior year. The operating margin for Jindal Saw was 14%, a considerable increase from the 7% margin recorded in the previous year. Additionally, their EPS stood at Rs.8.23, a substantial improvement from Rs.0.15 in the previous year.