Business News
JSW Steel Q3 net profit soars over two-fold
The company had posted a net profit of ₹ 716 crore in the year-ago period, JSW Steel said in a filing to the BSE.
JSW Steel on Wednesday reported an over two-fold rise in its consolidated net profit at ₹ 1,774 crore for the quarter to December 2017.
The company had posted a net profit of ₹ 716 crore in the year-ago period, JSW Steel said in a filing to the BSE.
The Sajjan Jindal-led firm’s total income rose to ₹ 17,903 crore for the quarter under review, against ₹ 15,345 crore in the same period a year ago.
Total expenses were at ₹ 15,785 crore as compared to ₹ 14, 280 crore in the October-December quarter of the preceding fiscal.
Shares of JSW Steel today ended 0.19 per cent higher at ₹ 290.15 apiece on the BSE.
