India's JSW Steel reported a bigger-than-expected drop in third-quarter profit on Friday as lower prices and tepid demand continued to hurt the country's top steelmaker. Domestic steel mills have grappled with an influx of steel imports from China over the past year,

The steelmaker was expected to post a significant fall in its third quarter net profit due to weaker realisations, with higher sales volumes providing some offset.

JSW Steel reported a 70% drop in net profit for the December quarter, citing rising expenses. The company's revenue dipped slightly, and its capex increased significantly. Steel production and sales showed growth,

India's JSW Steel reported a bigger-than-expected drop in third-quarter profit on Friday as lower prices and tepid demand continued to hurt the country's top steelmaker. Its consolidated net profit plunged 70% year-on-year to 7.

Results: JSW Steel reported consolidated net profit for the December quarter at Rs719 declined 70% year on year over ₹2450 Crore in the year ago quarter

JSW Steel reported a 70% decline in net profit to Rs 719 crore in Q3, attributed to increased expenses. Total income slightly decreased and steel production saw modest growth. Despite challenges, EBITDA rose by 3% QoQ due to better volumes and reduced costs.

India's JSW Steel reported a bigger-than-expected drop in third-quarter profit on Friday as lower prices and tepid demand continued to hurt the country's top steelmaker.

Total revenues on a consolidated basis in Q3FY25 stood at Rs 41,378 crore, down 1.3 per cent Y-o-Y from Rs 41,940 crore a year ago

JSW Steel posted revenue from operations at Rs 41,378 crore, down 1.34 per cent as against Rs 41,940 crore recorded during the third quarter of previous financial year.

JSW Steel is expected to report a 74 percent year-on-year (YoY) decline in net profit to Rs 638.79 crore for Q3, reflecting an 18 percent sequential drop. Revenue is forecast to rise modestly by 4 percent YoY but is likely to decline slightly quarter-on-quarter (QoQ) to Rs 4.

JSW Steels Q3 revenue is estimated between Rs 38,581 crore and Rs 41,750 crore, factoring in projections from Nuvama, Elara, and Kotak Institutional Equities. Nuvama predicts the steepest PAT fall, while Kotak offers conservative estimates.