JSW Steel, the country's largest steelmaker by capacity, reported on Friday that its consolidated net profit for the December quarter, which was hurt by low exports, decreased 88% to 490 million Indian rupees.
Brokerage firms had expected the steelmaker to see its consolidated after-tax profit decrease by 80-90% to 426.70 million Indian rupees in the quarter ended December.
Meanwhile, revenue from operations increased by 2.7% in the quarter under review compared to the same quarter last year.
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