India's JSW Steel reported a bigger-than-expected drop in third-quarter profit on Friday as lower prices and tepid demand continued to hurt the country's top steelmaker. Domestic steel mills have grappled with an influx of steel imports from China over the past year,

Revenue decreased by 1.34% YoY & profit decreased by 70.31% YoY, profit at ₹717 crore and revenue at ₹41378 crore

JSW Steel reported a 70% decline in net profit to Rs 719 crore in Q3, attributed to increased expenses. Total income slightly decreased and steel production saw modest growth. Despite challenges, EBITDA rose by 3% QoQ due to better volumes and reduced costs.

India's JSW Steel reported a bigger-than-expected drop in third-quarter profit on Friday as lower prices and tepid demand continued to hurt the country's top steelmaker.Its consolidated net profit plunged 70% year-on-year to 7.

Despite record production and sales, JSW Steel’s Q3 revenue declined due to falling steel prices and increased imports.

Total revenues on a consolidated basis in Q3FY25 stood at Rs 41,378 crore, down 1.3 per cent Y-o-Y from Rs 41,940 crore a year ago

India's JSW Steel reported a bigger-than-expected drop in third-quarter profit on Friday as lower prices and tepid demand continued to hurt the country's top steelmaker.

JSW Steel's balance sheet remains stable, with a net debt-to-equity ratio of 1.00x and a net debt-to-EBITDA ratio of 3.57 times.

JSW Steel reported a 70.3% year-on-year (YoY) drop in consolidated net profit for Q3FY25, with earnings falling to Rs 717 crore due to declining steel prices, media reports said.

Billionaire Sajjan Jindal-led JSW Steel has declared its earnings for the October-December 2024 period, reporting a major drop in its net profit. The JSW Group company’s revenue from operations also declined on a year-on-year basis in the Q3 of FY25.

Results: JSW Steel reported consolidated net profit for the December quarter at Rs719 declined 70% year on year over ₹2450 Crore in the year ago quarter