JSW Steel reports 14x spike in Q3 consolidated net profit at Rs 2,669 cr

Company plans commissioning multiple projects in Q4

JSW Steel has reported Rs 2,669 crore consolidated net profit for the third quarter of financial year 2020-2021. This is a multifold increase over the ₹ 187 crore consolidated bottomline reported by the company in the same months of the previous financial year.

Consolidated total income during the period under review stood at Rs 22,006 crore, up from Rs 18,182 crore in the same months of fiscal 2019-2020.

Shares of the company closed down 4.37 per cent to Rs 375.60 a scrip on Friday.

Sharing an optimistic outlook regarding the sector, JSW Steel said, "Indian steel demand has picked up