JSW Steel's Q3 consolidated net profit plunges 87%

New Delhi, Jan 24 (IANS) JSW Steel on Friday reported a 87 per cent decline in its consolidated profit during the quarter ended December at Rs 211 crore against Rs 1,624 crore in the same period of the previous year.The company recorded a total income of Rs 18,182 crore during the period under review, lower by 10.67 per cent from Rs 20,355 crore earned during the corresponding quarter of the last financial year.In a regulatory filing, the company said that its crude steel production during the October-December quarter stood at 40.2 lakh tonne, 5 per cent higher on a quarter-on-quarter basis. However, on a year-on-year basis, the production was lower by 5 per cent, due to extended monsoon which impacted operations at Dolvi and Vijayanagar, it said.
--IANS rrb/vd