Steelmaker JSW Steel Ltd reported second-quarter net profit more than doubled on higher steel production.

Net profit for the Mumbai-based firm in the second quarter that ended in September rose to 2,126 crore ($290.44 million) from a profit of 839 crore a year earlier.

Analysts on average had expected a net profit of 1,958 crore, according to I/B/E/S data from Refinitiv.

Total revenue from operations for the quarter rose 25% to 21,552 crore, while crude steel production rose 6% from the same time a year ago, JSW said.

This story has been published from a wire agency feed without modifications to the text.

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