JSW Steel Q2 profit rises 27% to Rs 839 crore
Steel producer JSW Steel Ltd reported a 27% rise in quarterly profit on Tuesday, helped by higher steel sales.
Favourable international markets during early part of the quarter and an increased domestic demand helped the company to post its highest ever consolidated quarterly saleable steel sales, the steel-maker said.
Total revenue from operations for the quarter jumped about 17% to Rs16,818 crore, with total saleable steel sales rising 2% to 3.96 million tonnes, it said.
Net profit for the second quarter ending on 30 September rose to Rs839 crore ($129.6 million) from Rs659 crore a year earlier.