 "Seshagiri Rao, JSW Steel Joint MD")
Sajjan Jindal-led JSW Steel reported a consolidated profit before tax (PBT) of Rs 436 crore in the December quarter, down 82 per cent from same period last year. This came on the back of weak realisations along with 5 per cent drop in production due to extended monsoon, which impacted operations at both the Dolvi and Vijaynagar facilities.
Net sales in the period under review tumbled 23 per cent on a year-on-year (YoY) basis as the company’s top line stood at Rs 17,416 crore, down 12 per cent from the corresponding period last year.
Even as costs in the December
