Q1 Results: JSW Steel’s Profit More Than Halves, Misses Estimates
The JSW Steel results come at a time when steelmakers are faced with twin headwinds of demand slowdown and surge in iron ore prices. (Photographer: Dhiraj Singh/Bloomberg)

Q1 Results: JSW Steel’s Profit More Than Halves, Misses Estimates

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JSW Steel Ltd.’s first-quarter profit more than halved as its operating margin dropped.Net profit fell 56 percent year-on-year to Rs 1,028 crore in the June quarter, the Sajjan Jindal-led steelmake...
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