JSW Steel reports 85% fall in Q2 consolidated net profit

Ace News

25th Oct 2024

JSW Steel has reported results for second quarter ended September 30, 2024 (Q2FY25).

The company has reported 55.41% fall in its net profit at Rs 1299 crore for the quarter ended September 30, 2024 as compared to Rs 2913 crore for the same quarter in the previous year. Total income of the company decreased by 8.63% at Rs 31217 crore for Q2FY25 as compared to Rs 34167 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported 85.43% fall in net profit at Rs 404 crore for Q2FY25 as compared to Rs 2773 crore for the same quarter in the previous year. Total income of the company decreased by 11.12% at Rs 39837 crore for Q2FY25 as compared to Rs 44821 crore for the corresponding quarter previous year.