For the quarter ended June 2010, on consolidated basis JSW steel has reported a 20% increase in Total Income (Net Sales + Other Operating Income) to Rs 4819.33 crore. The OPM (Operating Profit Margin) increased by 440 basis points to 21.6%. The subsequent Operating Profit increased sharply to Rs 1039.73 crore. The ensuing Net Profit after tax after Share of Profit / (loss) of Minority and Share of Profits of Associates stood at Rs 295.37 crore indicating an increase of 26%.

For the year income on account of Sale of Carbon Credits stood at Rs 60.21 crore as compared to Rs 48.58 crore during the corresponding period last year.

Quarter Results

For the quarter ended June 2010, on consolidated basis JSW steel reported a 20% increase in Total Income (Net Sales + Other Operating Income) to Rs 4819.33 crore.The cost of consumption of raw materials and power and fuel cost decreased (as a % of Total Income net of stock adjustment) from 63.5% to 62.2% and from 5.9% to 4.9% respectively.