Steep Decline: JSW Steel's Profit Plummets

JSW Steel reported an 85.43% fall in consolidated net profit to Rs 404 crore for the July-September quarter, primarily due to reduced income. This marks a significant drop from Rs 2,773 crore profit in the same period last year. Total income also decreased significantly.

Steelmaker JSW Steel has announced a dramatic 85.43% drop in its consolidated net profit, recording Rs 404 crore in the July-September quarter. The decline is attributed to reduced income.

Last year during the same period, JSW Steel's net profit was an impressive Rs 2,773 crore, underscoring the extent of this decline.

The company's total income for the quarter also fell, coming in at Rs 39,837 crore compared to Rs 44,821 crore a year prior, according to JSW Steel's regulatory filing.

(With inputs from agencies.)