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Press Release JSW Steel Limited 21st May 2021 Financial Performance for Fourth Quarter and Financial Year 2020-21 Mumbai , India : JSW Steel Limited ( " JSW Steel " or the " Company " ) today reported its results for the Fourth Quarter and the Financial Year ended 31st March , 2021 ( " Q4 FY2021 " or the " Quarter " and " FY2021 " or the " Year " ) . Key highlights for Q4 FY2021 : Standalone Performance : ▪ Crude Steel production : 4.19 million tonnes , up by 6 % YoY ■ Saleable Steel sales : 4.06 million tonnes , up by 10 % YoY ■ Highest ever quarterly Revenue from operations : 24,398 crores , up by 60 % YoY ■ Highest ever quarterly Operating EBITDA : * 8,021 crores , up by 149 % YoY ■ Highest ever quarterly Net profit after tax : 4,018 crores Consolidated Performance : ■ Saleable Steel sales : 4.06 million tonnes , up by 11 % YoY ■ Highest ever quarterly Revenue from operations : 26,934 crores , up by 51 % YoY ■ Highest ever quarterly Operating EBITDA : ₹ 8,440 crores , up by 184 % YoY ■ Highest ever quarterly Net profit after tax : 4,191 crores ■ Net Debt to Equity : 1.14x and Net Debt to EBITDA : 2.61x Key highlights for the year FY2021 : Standalone Performance : ■ Crude Steel production : 15.08 million tonnes , lower by 6 % YoY ■ Saleable Steel sales : 14.88 million tonnes , lower by 1 % YoY ▪ Revenue from operations : ₹ 70,727 crores , up by 10 % YoY ■ Highest ever annual Operating EBITDA : ₹ 19,259 crores , up by 54 % YoY ■ Highest ever annual Net profit after tax : 8,393 crores , up by 59 % YoY Consolidated Performance : ■ Saleable Steel sales : 14.95 million tonnes ■ Revenue from operations : 79,839 crores , up by 9 % YoY ■ Highest ever annual Operating EBITDA : 20,141 crores , up by 70 % YoY Highest ever annual Net profit after tax : 7,873 crores , up by 101 % YoY The exceptional fourth quarter performance of the Company was due to strong domestic demand supplemented by exports , and improved steel prices . The global and Indian economies showed remarkable recovery supported by large fiscal and accommodative monetary stimulus extended by governments and central banks that facilitated faster V - shaped recovery . However , the emergence of a second wave of Covid in India has dampened the sentiment due to widespread localised lockdowns in several parts of the country . Page 1 of 7 N