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.

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.

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.

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