JSW Steel's net profit fell sharply to Rs 404 crore in the July-September quarter, driven by a decline in income. The company's total income decreased to Rs 39,837 crore compared to Rs 44,821 crore in the same period last year.
Photograph: Kind courtesy JSW Steel
New Delhi, Oct 25 (PTI) Steelmaker JSW Steel on Friday reported a steep fall of 85.43 per cent in its consolidated net profit at Rs 404 crore in the July-September quarter of the current fiscal, affected by lower income.
The company had posted a net profit of Rs 2,773 crore in the second quarter of the last financial year.
The total income decreased to Rs 39,837 crore in the second quarter of the current fiscal as against Rs 44,821 crore a year ago, JSW Steel said in a regulatory filing.
JSW Steel's expenses were lower at Rs 38,644 crore in the quarter under review against Rs 40,801 crore in the year-ago quarter.
Home » Market News » JSW Steel Profit Plunges 85% in Q2: Lower Income Hits
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
© 2024 Rediff.com India Limited. All rights reserved. Disclaimer - Terms of Service - Privacy Policy - Feedback