Economic TimesLean R·
JSW Steel’s Q1 profit soars 2x YoY on robust topline growth
JSW Steel's profit more than doubled year-on-year to 4,696 crore in the June quarter. Robust revenue growth and higher volumes aided the company's strong financial performance. Consolidated revenue from operations rose around ten percent on year to 47,364 crore. Total expenses grew less than four percent on year, which helped profitability. The company's net debt also saw a significant reduction during the period.
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