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JSW Steel posts record quarterly profit


(Reuters) - India's JSW Steel posted record quarterly net profit on Wednesday, nearly tripling from last year, largely beating market estimates thanks to higher commodity prices and spreads.The company's fourth-quarter net profit climbed to 29.96 billion rupees ($441.50 million), against 10.14 billion rupees in the same period last year, it said had expected net profit of 18.13 billion rupees, according to Thomson Reuters data. Total revenue from operations rose 16.2 percent to 208.17 ...

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First Published: Wed, May 16 2018. 16:55 IST