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via livemint.comBusiness & Companies

JSW Steel profit more than triples in September quarter, beats estimates

FROM THE WIRE · LIVEMINT.COM

Higher realisations and strong domestic demand drove a surge in September-quarter earnings, as the steelmaker cleared ₹16,150 crore in fresh capex to support its long-term growth targets.

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishProfit above estimates and fresh capex of 16,150 crore signal solid steel demand.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01JSW Steel's quarterly profit more than tripled.
  2. 02Higher realisations and strong domestic demand drove the results.
  3. 03The company cleared fresh capex of 16,150 crore.

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