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JSW Steel quarterly profit falls 44%, but beats estimates

The net profit of steelmaker's first quarter dropped to Rs 6.26 billion

Reuters 

India's biggest steel producer, JSW Steel Ltd, said on Tuesday net profit fell 44% in the quarter ended June but outperformed analysts' estimates. Net profit for the Mumbai-based steelmaker's first quarter dropped to Rs 6.26 billion ($97.70 million), from 11.20 billion a year earlier.  Analysts on average had expected net profit of Rs 5.83 billion, according to Thomson Reuters data. ($1= Rs 64.0750)  

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First Published: Tue, August 01 2017. 15:51 IST
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