On Friday, JSW Steel reported returning to black as it posted a consolidated net profit of Rs 2,773 crore for the July-September quarter on the back of higher income.
In the second quarter of the last financial year, the steelmaker suffered a loss of Rs 915 crore.
JSW said in a regulatory filing, the total income grew to Rs 44,821 crore in the second quarter of the current fiscal as against Rs 41,966 crore a year ago.
JSW Steel’s expenses declined to Rs 40,801 crore in the quarter under review against Rs 43,354 crore in the year-ago quarter. Part of O P Jindal Group, JSW Steel is a leading steel-producing company in India.
The company shares closed 1.39 per cent down at Rs 770 on the BSE.
