JSW Steel posts record quarterly profit
Updated : May 17, 2018 08:00 AM IST
The company's fourth-quarter net profit climbed to 29.96 billion rupees ($441.50 million), against 10.14 billion rupees in the same period last year, it said.
Total revenue from operations rose 16.2% to 208.17 billion rupees and the steelmaker also said it achieved record crude steel production in the quarter at 4.31 million tonnes, up 5% year on year.
JSW said it expects 3% year-on-year growth in crude steel production to 16.75 million tonnes for the 2018-19 financial year.