JSW Steel misses quarterly profit view
India’s JSW Steel, the country’s top steelmaker by market cap, reported a smaller-than-expected rise in fourth-quarter profit on Friday, hurt by weak steel prices.
Its consolidated net profit stood at 15.03 billion rupees ($176 million) for the quarter ended March 31, below analysts’ average estimate of 15.66 billion rupees, as per data complied by LSEG. ($1 = 85.2420 Indian rupees)
Published on May 23, 2025
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