JSW Steel's third quarter profit is expected to fall 11 percent year-on-year to Rs 415 crore, according to the average of estimates of analysts polled by CNBC-TV18.
JSW Steel 's third quarter profit is expected to fall 11 percent year-on-year to Rs 415 crore, according to the average of estimates of analysts polled by CNBC-TV18.
Total income is seen falling 3 percent to Rs 13,150 crore during the quarter from Rs 13,622.8 crore in the year-ago quarter due to tepid domestic demand and competitive export market.
Domestic business contributes 85-90 percent of total revenue and volumes.
Operating profit may slip 8 percent year-on-year to Rs 2,218 crore and margin may decline 80 basis points to 16.9 percent in the quarter ended December 2014 on the back of lower steel volumes and steel realizations.
Key issues to watch out for are domestic iron ore supply and prices; and China domestic steel demand and exports.
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