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.

JSW Steel is expected to face a challenging Q3FY25, with analysts forecasting weaker earnings due to softer steel prices and subdued demand

JSW Steel posted revenue from operations at Rs 41,378 crore, down 1.34 per cent as against Rs 41,940 crore recorded during the third quarter of previous financial year.

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.

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Hit by large scale imports and sharp fall in prices, JSW Steel has reported that its December quarter net profit plunged to ₹719 crore against ₹2,450 crore logged in the same period last year

JSW Steel's Q3FY25 net profit slumped 70% YoY to ₹719 crore due to weak steel prices, despite record production of 7.03 million tonnes and a 12% rise in sales volumes.

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.

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.