JSW Steel Q4 profit rises on prices, exceeds estimates

JSW Steel Ltd., India’s fourth- largest producer, posted a better-than-expected net income as rising demand boosted prices.

Profit rose to Rs4.13 billion ($100.2 million) in the fourth quarter ended 31 March, from Rs4.11 billion a year ago, the company said. That exceeded the Rs3.7 billion net income forecast of five analysts surveyed by Bloomberg News.Sales rose 31% to Rs25.79 billion.

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