India’s JSW Steel reports 88% fall in consolidated net profit in Q3 FY 2022-23

India’s JSW Steel Limited has reported a consolidated net profit of INR 4.9 billion ($60 million) in the third quarter (October-December) of the fiscal year 2022-23, a decline of 88 percent year on year, according to a statement of the company on Friday, January 20.

The company achieved revenues of INR 391.34 billion ($4.82 billion) during the third quarter, up 2.7 percent year on year.