Iron & Steel/Intermediate company JSW Steel announced Q2FY24 results: Consolidated Q2FY24: Crude Steel Production: 6.34 million tonnes Saleable Steel Sales: 6.34 million tonnes Revenue from Operations: Rs 44,584 crore Operating EBITDA: Rs 7,886 crore Net Profit after Tax: Rs 2,773 crore Net Debt to Equity: 0.92x and Net Debt to EBITDA: 2.52x Standalone Q2FY24: The Crude Steel Production was at 5.40 million tonnes, lower by 1% QoQ due to certain maintenance shutdowns taken during the quarter, but was higher by 9% on a YoY basis. Standalone Steel Sales volumes were 5.41 million tonnes for the quarter, higher by 10% QoQ and 8% YoY, due to robust domestic demand and reduction in inventory. The Company registered Revenue from Operations of Rs 33,738 crore, higher by 3% QoQ and 4% YoY. The growth was mainly driven by volumes and partially offset by lower sales realization. The Company registered Operating EBITDA at Rs 6,898 crore for Q2FY24, higher by 42% QoQ and 296% YoY. The EBITDA margin for the quarter was 20.4%. EBITDA was higher primarily due to lower coking coal cost, partially offset by lower steel realisations. The Company reported Profit after Tax of Rs 22,913 crore for the quarter, growth of 71% QoQ and a significant increase from the loss of Rs 91 crore reported in Q2FY23. Result PDF