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JSW Steel Q3 Results: Profit Beats Estimates On Strong Volumes

JSW Steel reported a significant jump in consolidated net profit for Q3, reaching ₹2,139 crore, nearly three times more than the same quarter last year, largely due to a one-time deferred tax gain. This figure exceeded analyst forecasts, although underlying profit was lower than expected when accounting for a one-time provision related to new labor codes.

JSW Steel Q3 Results: Profit Beats Estimates On Strong Volumes

Credit: Feedburner

Key Highlights

  • Q3 consolidated net profit reached ₹2,139 crore, up from ₹717 crore a year earlier.
  • Profit exceeded analyst estimates of ₹1,406.7 crore.
  • The profit included a one-time deferred tax gain of ₹1,439 crore.
  • JSW Steel recognized a one-time exceptional charge of ₹529 crore due to new labor codes.
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Sources

  1. JSW Steel Q3 Results: Profit Beats Estimates On Strong Volumes
  2. JSW Steel Q3 profit jumps nearly threefold aided by one-time gain

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

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