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Press Release SW Steel Limited Financial Performance for Second Quarter FY 2021-22 October 21,2021 Mumbai , India : JSW Steel Limited ( " JSW Steel " or the " Company " ) today reported its results for the Second Quarter ended 30th Sep , 2021 ( " Q2 FY2022 ” or the “ Quarter " ) . Key Highlights for Q2 FY2022 : Standalone Performance : ■ Crude Steel production : 4.10 million tonnes ■ Saleable Steel sales : 3.78 million tonnes ■ Highest ever quarterly Revenue from Operations : * 28,000 crores ■ Quarterly Operating EBITDA : * 8,673 crores ■ Highest ever Quarterly Net Profit after Tax : * 5,393 crores Consolidated Performance : ■ Highest ever quarterly Revenue from Operations : * 32,503 crores ■ Highest ever quarterly Operating EBITDA : ₹ 10,417 crores Highest ever quarterly Net Profit after Tax : * 7,179 crores ■ Net Debt to Equity : 0.92x and Net Debt to EBITDA : 1.58x In India , the number of Covid - 19 cases has been declining sharply from the month of June . With a fast paced ramp - up in the vaccination campaign and easing Covid restrictions during the quarter , there has been a steady bounce - back in economic activity . Recent high frequency economic indicators are reflecting improvement in business sentiment , especially since late August’21 / early September 21 . During the quarter , JSW Steel operated at a healthy capacity utilization of 91 % across its steel - making operations . Saleable Steel sales for the quarter stood at 3.83 million tonnes ( Indian operations excluding JVs ) , an increase of 10 % QoQ . As a result , the company registered its highest ever consolidated quarterly Operating EBITDA of ₹ 10,417 crores , with an EBITDA margin of 32.0 % . In the month of October 21 , the Company commenced integrated operations of its 5 MTPA brownfield expansion at Dolvi . Page 1 of 7 N