JSW Steel misses Q3 profit estimates on lower prices, cooling demand
India's JSW Steel reported a bigger-than-expected drop in third-quarter profit on Friday as lower prices and tepid demand continued to hurt the country's top steelmaker. Domestic steel mills have grappled with an influx of steel imports from China over the past year,
JSW Steel Q3: Low steel prices, imports weigh heavy despite cost improvements; results beat Street expectations
The steelmaker was expected to post a significant fall in its third quarter net profit due to weaker realisations, with higher sales volumes providing some offset.
JSW Steel Reports Significant Profit Dip Amid Rising Expenses
JSW Steel reported a 70% drop in net profit for the December quarter, citing rising expenses. The company's revenue dipped slightly, and its capex increased significantly. Steel production and sales showed growth,
India's JSW Steel misses Q3 profit view amid lower prices, cooling demand
India's JSW Steel reported a bigger-than-expected drop in third-quarter profit on Friday as lower prices and tepid demand continued to hurt the country's top steelmaker. Its consolidated net profit plunged 70% year-on-year to 7.
JSW Steel Q3 Results: Consolidated net profit declines 70% year-on-year to ₹719 crore
Results: JSW Steel reported consolidated net profit for the December quarter at Rs719 declined 70% year on year over ₹2450 Crore in the year ago quarter
JSW Steel's Profit Dips Amid Rising Costs: A Deep Dive into Q3 Financials
JSW Steel reported a 70% decline in net profit to Rs 719 crore in Q3, attributed to increased expenses. Total income slightly decreased and steel production saw modest growth. Despite challenges, EBITDA rose by 3% QoQ due to better volumes and reduced costs.
India's JSW Steel misses Q3 profit estimates
India's JSW Steel reported a bigger-than-expected drop in third-quarter profit on Friday as lower prices and tepid demand continued to hurt the country's top steelmaker.
JSW Steel Q3 Results: Profit plummets 70.65% to Rs 719 crore, beats estimates
JSW Steel posted revenue from operations at Rs 41,378 crore, down 1.34 per cent as against Rs 41,940 crore recorded during the third quarter of previous financial year.
JSW Steel Posts 70% Plunge in Quarterly Profit on Weaker Prices
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JSW Steel Q3 profit plunges 71% on lower realisation
Hit by large scale imports and sharp fall in prices, JSW Steel has reported that its December quarter net profit plunged to ₹719 crore against ₹2,450 crore logged in the same period last year
JSW Steel Q3 Results: Profit Falls Over 70%, Misses Estimates
The steel producer reported a 70.3% fall in the consolidated profit at Rs 717 crore in the October-December quarter, compared to Rs 2,415 crore in the same period last year, according to an exchange filing on Friday. Analysts polled by Bloomberg had estimated a Rs 737-crore net profit.
JSW Steel Share Price Live Updates: JSW Steel's Performance Overview
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