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JSW Steel's net profit jumps manifold to Rs 2,669 cr in Dec quarter

JSW Steel reported a manifold jump in its consolidated net profit to Rs 2,669 crore for the December 2020 quarter

jsw steel

JSW Steel

Press Trust of India New Delhi

JSW Steel on Friday reported a manifoldjump in its consolidated net profit to Rs 2,669 crore for the December 2020 quarter.

The private sector steel maker had clocked a net profit of Rs 187 crore in the corresponding quarter of the previous financial year, JSW Steel said in a BSE filing.

Its total consolidated income during October-December 2020 rose to Rs 22,006 crore, compared with Rs 18,182 crore in the year-ago period.

The company's total expenses stood at Rs 18,120 crore, higher as against Rs 17,719 crore a year ago.

Part of O P Jindal Group, JSW Steel has presence in sectors such as steel, energy, infrastructure, cement and sports.

 

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Jan 22 2021 | 5:24 PM IST

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