JSW Steel’s profit doubles on revenue growth, beats estimates

JSW Steel's profit more than doubled year-on-year to Rs 4,696 crore in the June quarter. Robust revenue growth and lower finance costs aided the company's strong financial performance. Consolidated revenue from operations rose around ten percent on year to Rs 47,364 crore. Total expenses rose less than four percent on year, helping boost earnings. The company retained its capital expenditure guidance for the current year.

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