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JSWSTEEL
teel on Thursday reported a sharp surge in its fourth-quarter net profit to Rs 19,243 crore, driven primarily by a one-time exceptional gain of Rs 18,051 crore arising from the loss of control in the slump sale of its subsidiary BPSL.
The company’s revenue from operations grew 14 percent year-on-year to Rs 51,180 crore during the January-March quarter.
JSW Steel also declared a dividend of Rs 7.1 per share for the financial year. Excluding the exceptional item, the company’s performance reflected steady operational momentum amid a challenging global steel environment.
The strong quarterly numbers underscore JSW Steel’s strategic portfolio restructuring and robust domestic demand, positioning the company favourably for future growth.#StockInNews#WatchOutFor
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