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17 May

JSW capitalises on export demand, but earnings drop

Export demand in the March quarter helped JSW Steel liquidate stock and boost exports significantly on-quarter. The Indian steelmaker anticipates the full commissioning of its Vijayanagar integrated steelworks in July. JSW Steel’s consolidated net profit plummeted 64.7% year-on-year to INR 13.22 billion ($158.6 million) in the fourth fiscal quarter through March (Q4), notes Kallanish. This came as Q4 total expenses rose 2.9% y-o-y to INR 444.01 billion, whi…
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