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JSW Steel reports a 13.5% rise in Q4 net profit but faces revenue drop due to lower steel prices.
JSW Steel, India's leading steelmaker, reported a 13.5% rise in Q4 net profit to ₹1,501 crore, though revenue fell 3.1% to ₹44,819 crore due to weak steel prices.
The company's EBITDA increased to ₹6,378 crore, driven by higher sales volumes and lower coal costs.
Despite a full-year net profit decline of 61.3%, JSW Steel achieved record quarterly crude steel production and sales.
The company plans to raise up to ₹14,000 crore for growth and declared a dividend of ₹2.8 per share.
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JSW Steel informa de un aumento del 13,5% en el beneficio neto del cuarto trimestre, pero se enfrenta a una caída de ingresos debido a los precios más bajos del acero.