JSW Steel reported a sharp decline in its consolidated net profit for the December quarter, falling to Rs 474 crore ($64 million) from Rs 4,516 crore in the year-ago period.
The decrease in profit was due to higher expenses, which were at Rs 38,288 crore compared to Rs 31,986 crore in the previous year. The company’s total income did increase, rising to Rs 39,322 crore from Rs 38,225 crore a…