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JSW Steel reports 22% rise in Q2 consolidated net profit

JSW Steel has reported results for second quarter ended September 30, 2019.

The company has reported a rise of 29.59% in its net profit at Rs 2,917 crore for the quarter under review as compared to Rs 2,251 crore for the same quarter in the previous year. However, total income of the company decreased by 21.09% at Rs 15,708 crore for Q2FY20 as compared Rs 19,905 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a rise of 21.51% in its net profit at Rs 2,536 crore for the quarter under review as compared to Rs 2,087 crore for the same quarter in the previous year. However, total income of the company decreased by 17.96% at Rs 17,728 crore for Q2FY20 as compared Rs 21,608 crore for the corresponding quarter previous year.

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