JSW Steel Second Quarter Profit Rises, But Misses Estimates


New Delhi: Steel producer JSW Steel Ltd reported a 27 per cent rise in quarterly profit on Tuesday, though it missed analysts’ expectations.
Net profit for the second quarter ending on September 30 rose to Rs. 839 crore (129.6 million) from Rs. 659 crore a year earlier.

Analysts on average had expected net profit of Rs. 1076 crore, according to Thomson Reuters data.