JSW Steel Q2 net profit grows over 4-fold to Rs 7,179 crore

JSW Steel on Thursday posted an over four-fold jump in its consolidated net profit to Rs 7,179 crore for the second quarter ended September 30, mainly driven by higher income.

In a BSE filing, the company said it had reported Rs 1,595 crore net profit in the July-September quarter of the previous fiscal.

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Its total income in the quarter under review soared to Rs 33,449 crore from Rs 19,416 crore in the year-ago period.

The company's expenses stood at Rs 24,261 crore against Rs 16,958 crore a year ago.

JSW Steel Ltd is the flagship company of the diversified USD 13 billion JSW Group, which has a leading presence in sectors such as steel, energy, infrastructure, cement, sports, among others.