Tag: India: JSW’s profit margins shrink in Q2 FY’23 on declining steel prices; lower output

Indian steel major, JSW Steel, posted negative profit after tax (PAT) at INR 91 crore in Q2FY’23. Lower output during the quarter amid declining steel prices weighed on the company’s financial performance. Operating EBIDTA dropped to around INR 1,742 crore in Q2 from INR 3,352 crore in Q1 and INR 8,673 in Q2FY’22. Meanwhile, the…