Covid chrisis leaves clear marking also on the half-yearly accounts of the Indian colossus JSW Steel. Depending on the perspective these accounts can be considered as a glass half-full or half-empty
Le’ts begin with negative news or, in other words, with the comparison between semester of the financial year 2020/2021 and 2019/2020.
More precisely, production dropped by 16% with 6,81 millions of tons, with a sales volume stationary at 3,1 billions euros and a profit collapsed by 64% without overcoming the 177 millions euros.
If we analyse the trimester closed on 30th September with the previous term, all the figures completely change.
During the second trimester of the Indian financial year (June – September) the production was 3,85 million tons, increased by 30% compared to the previous term. The sales volume was 1,9 billions euros, with Ebitda (479 millions euros) improved by 24,9% on the last trimester, reaching a profit of 194 millions euros.
SOURCE: SIDERWEB.COM
