JSW Steel Falls Despite 45% Profit Growth, Revenue Decline Weighs on Sentiment

📉

shares dipped over 1% after Q1 results showed a 45% QoQ jump in net profit to ₹2,184 crore, but a 3.7% revenue decline to ₹43,147 crore dampened investor sentiment. EBITDA rose 19% to ₹7,576 crore, with margins expanding to 17.6%. The stock recovered slightly, ending 0.10% lower at ₹1,023. Analyst sentiment remains mixed, with a modest 2.1% upside forecast.