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On Wednesday, Sajjan Jindal led JSW Steel has posted a multi-fold jump in its consolidated net profit at Rs 1,109 crore for the quarter ended on June 30, 2016.
It has said in a BSE filing that the firm had clocked a net profit of Rs 21.19 crore in the year-ago period.
However, the total consolidated income has increased marginally by 2 percent to Rs 12,885.81 crore in April-June of this fiscal from Rs 12,647.35 crore during the same quarter in 2015-16.
According to the firm, its crude steel production has increased by 14 percent to 3.87 million tonnes (MT) during the June quarter in 2016-17 from 3.40 MT during the same quarter in 2015-16 whereas the sales increased 8 percent to 3.34 MT from 3.11 MT during the period.
