JSW Steel Q3 results: Profit plunges 88% to Rs 211 crore, misses Street estimates

JSW Steel on Friday reported 88 per cent fall in consolidated net profit at Rs 211 crore for December quarter compared with a net of Rs 1,624 crore in the same quarter last year. Analysts in an ET NOW poll had estimated the number at Rs 457.10 crore. Net sales fell 12.13 per cent to Rs 17,416 crore from Rs 19,821 crore on a yearly basis.

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