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JSW Steel reports 84% fall in Q2 consolidated net profit

21 Oct 2015 Evaluate

JSW Steel has reported results for second quarter ended September 30, 2015.

The company has reported 68.36% fall in its net profit at Rs 241 crore for the quarter ended September 30, 2015 as compared to Rs 761.69 crore for the same quarter in the previous year. The company’s total income has decreased by 18.91% to Rs 9871.16 crore for the quarter under review from Rs 12172.65 crore for the corresponding quarter of the previous year.

On the consolidated basis, the company has reported 84.38% fall in its net profit after taxes, minority  interest and Share of Profit/(Loss) of Associates at Rs 116.95 crore for the quarter ended September 30, 2015 as compared to Rs 748.76 crore for the same quarter in the previous year. Total income of the company has decreased by 21.37% at Rs 10945.93 crore for quarter under review as compared to Rs 13921.27 crore for the quarter ended September 30, 2014.

Peers
Company Name CMP
JSW Steel 1187.00
Tata Steel 167.25
Steel Authority 165.00
Jindal Stainless 688.40
APL Apollo Tubes 2021.00
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