Steel major JSW Steel announced its January-March quarter results for the financial year 2020-21 on Friday, May 21, reporting its highest ever quarterly net profit at Rs 4,198 crore, driven by robust domestic demand as well as exports and improved steel prices. According to a regulatory filing by the company to the stock exchanges, the net profit stood at Rs 231 crore in the corresponding quarter of the previous fiscal on a consolidated basis. The company’s net profit in the March quarter zoomed 1,717 per cent on a year-on-year basis. (Also Read: JSW Steel Reports Steel Production At 13.71 Lakh Tonnes )
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