JSW Steel reports approx fourfold rise in its consolidated net profit at Rs.2,339 crore, for the quarter ended June 30,2018.

The company’s consolidated revenue from operations increased 25.3 percent year on year to Rs 20,519 crore. The companies domestic sale volumes grew 27% year on year, while its sales to the automotive segment grew 57%.

JSW Steel’s consolidated EBITDA nearly doubled year on year to Rs.5,105 crore. Its EBITDA margin came in at 24.9%, over 700 basis points higher on year. Further, during the quarter under review, the company brought down its net debt to 1.32 times its equity capital, down from 1.38 times at the end of the March quarter.

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