Business Standard

India's JSW Steel third quarter profit more than doubles


(Reuters) - India's JSW Steel Ltd reported a 140 percent surge in third-quarter profit on Wednesday, beating analyst expectations.
Net profit for the quarter ended Dec 31 rose to 17.53 billion rupees ($275.39 million) from 7.30 billion rupees a year earlier, the country's biggest steel producer said in a statement.
Analysts on average had expected the Mumbai-based company to post net profit of 11.26 billion rupees, according to Thomson Reuters data.
($1 = 63.655 rupees)
(Reporting by Vishal Sridhar in Bengaluru; Editing by Nick Macfie)

(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 31 2018 | 3:45 PM IST

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