BENGALURU (Reuters) – India’s JSW Steel Ltd on Friday said third-quarter profit tanked 89%, hurt by lower exports.
Consolidated net profit for the quarter ended Dec. 31 fell to 4.90 billion rupees ($60.36 million) from 43.57 billion rupees ($536.71 million) a year earlier, the iron and steel products maker said in an exchange filing.
($1 = 81.1800 Indian rupees)
(Reporting by Varun Vyas;Editing by Dhanya Ann Thoppil)
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