JSW Steel Q1 Results: Profit Slumps 86% As Costs Surge, Prices Fall

Cost of materials, and power and fuel expenses more than doubled in the first quarter for JSW Steel.

Smriti Chaudhary

Published On

22 Jul 2022, 05:18 PM IST

Last Updated On

22 Jul 2022, 08:49 PM IST

(Karan Bhatia/Unsplash)

JSW Steel's Ltd.'s first-quarter profit slumped as prices fell, costs surged and exports dropped after India imposed a levy.

Shares of JSW Steel ended 0.87% lower before the results were announced compared with a 0.69% rise in the benchmark Nifty 50.

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WRITTEN BY

Smriti Chaudhary

Smriti Chaudhary is a Correspondent at NDTV Profit. She covers Telecom sect... more

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