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JSW Steel posts record quarterly profit

Reuters 

(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 https://www.bseindia.com/xml-data/corpfiling/AttachLive/0a89cf41-d394-4c25-adbe-3c3f516e9cef.pdf.Analysts 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
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