JSW Steel Profit At Rs 1,624 Crore In December Quarter, Lags Estimates

INSUBCONTINENT EXCLUSIVE:
Total revenue for the quarter from all JSW operations jumped 11.2% to Rs 20,318 croreJSW Steel on Wednesday posted a 7.4 per cent drop in
third-quarter net profit, missing estimates, dented by a decline in steel prices.Net profit came in at Rs 1,624 crore ($226.75 million), for
the three months ended December 31, compared with a profit of Rs 1,753 crore a year ago, the company said.Analysts on an average were
expecting the Mumbai-headquartered company to report a profit of Rs 1,740 crore, according to Refinitiv data.Total revenue for the third
quarter from all JSW operations jumped 11.2 per cent to Rs 20,318 crore from the previous year.($1 = 71.62)