JSW Steel quarterly profit falls 44 percent, but beats estimates
JSW Steel quarterly profit falls 44 percent, but beats estimates
India`s biggest steel producer, JSW Steel Ltd , said on Tuesday net profit fell 44 percent in the quarter ended June, but outperformed analysts` estimates.
Net profit for the Mumbai-based steelmaker`s first quarter dropped to 6.26 billion rupees ($97.70 million), from 11.20 billion a year earlier. (http://bit.ly/2uTGnP5)
Analysts on average had expected net profit of 5.83 billion rupees, according to Thomson Reuters data.
($1=64.0750 Indian rupees)
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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