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India's JSW Steel beats first-quarter profit view as margins improve

India's JSW Steel beats first-quarter profit view as margins improve

Reuters18-07-2025
July 18 (Reuters) - India's JSW Steel (JSTL.NS), opens new tab reported a bigger-than-expected rise in first-quarter profit on Friday, as easing raw material costs and firmer domestic steel prices lifted margins.
Its consolidated net profit more-than-doubled to 21.84 billion rupees ($253.52 million) for the three months ended June 30, above analysts' average estimate of 20.39 billion rupees, as per data compiled by LSEG.
($1 = 86.1475 Indian rupees)
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