JSW Steel Profit Jumps 20% To Rs 2,560 Crore In September Quarter
JSW Steel on Wednesday reported a net profit of Rs 2,560 crore for the quarter ended September 30. That marked an increase of 20.41 per cent compared to the corresponding period a year ago. Revenue from operations however fell 18.47 per cent to Rs 17,572 crore in the second quarter of current financial year, as gross sales shrank 19.88 per cent to Rs 16,737 crore.
The steelmaker said its finance costs came in at Rs 1,127 crore in the July-September period, as against Rs 963 crore in the year-ago period.
JSW Steel shares ended 1.39 per cent higher at Rs 222.65 apiece on the BSE, outperforming the benchmark Sensex index which rose 0.24 per cent.
Follow NDTV for latest election news and live coverage of assembly elections 2019 in Maharashtra and Haryana.
Subscribe to our YouTube channel, like us on Facebook or follow us on Twitter and Instagram for latest news and live news updates.