JSW Steel sees wider than expected Q2 loss at ₹915 cr on price slump
- JSW Steel Q2 results: The steelmaker's performance during the September quarter was significantly impacted by a sharp fall in steel prices, inventory losses and mark-to-market losses amid currency fluctuations
Sajjan Jindal-led JSW Steel on Friday reported a 87% year-on-year decline in consolidated net profit after tax at ₹915 crore for the quarter ended September, 2022, mainly due to a sharp fall in steel prices. It was ₹7,179 crore in the year-ago period.
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