JSW Steel share price fell over 3.5% as the company reported a 70% drop in net profit to ₹719 crore for the December quarter, attributed to rising expenses. Total income also decreased to ₹41,525 crore compared to the previous year.

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JSW Steel reported a consolidated net profit attributable to the owners of Rs 717 crore in Q3FY25, reflecting a 70.3 per cent decline Y-o-Y, compared to Rs 2,415 crore in Q3FY24

The company posted its highest-ever quarterly crude steel production at 7.03 million tonnes (MT), higher by 2% year-on-year and 4% quarter-on-quarter. Saleable steel sales stood at 6.71 MT.

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India's JSW Steel reported a bigger-than-expected drop in third-quarter profit on Friday as lower prices and tepid demand continued to hurt the country's top steelmaker. Domestic steel mills have grappled with an influx of steel imports from China over the past year,

JSW Steel reported a 70.3% year-on-year (YoY) drop in consolidated net profit for Q3FY25, with earnings falling to Rs 717 crore due to declining steel prices, media reports said.