JSW Steel reports 10 pct loss in Q3 profit to Rs 1,600 cr in FY19

Domestic steel major JSW Steel Wednesday reported a 9.96 per cent fall in consolidated net profit to Rs 1,603 crore for the October-December quarter of 2018-19. The company had clocked a consolidated net profit of Rs 1,774 crore in the year-ago period, JSW Steel said in a BSE filing.

Its total income in the quarter under review increased 11 per cent to Rs 20,355 crore from Rs 18,306 crore in the October-December period of 2017-18. Total expenses too increased by almost 11 per cent to Rs 17,916 crore during the December quarter of 2018 as against Rs 16,188 crore in the corresponding period of the previous fiscal. Shares of the company Wednesday ended 2.06 per cent up at Rs 279.30 apiece on the BSE.