AT A GLANCE: JSW Steel reports 41% drop in earnings in Q3 results on lower steel prices

A summary of the financial results for Indian steelmaker JSW Steel for the third quarter of its financial year 2020, covering October to December 2019.

In brief 

Standalone earnings before interest, taxes, depreciation and amortization (Ebitda) of 26.67 billion rupees ($374.9 million), down 41% quarter on quarter. Standalone revenue 157.67 billion rupees ($2.21 billion), down 15% year on year. Attributed to weaker steel prices in domestic and export markets.  Third-quarter production up quarter on quarter after a weaker three months to September 2019 which was affected by a severe monsoon, planned shutdowns and weak demand.  The company reported a...


Carrie Bone

January 24, 2020

14:26 GMT