JSW Steel share price fell over 3.5% as the company reported a 70% drop in net profit to ₹719 crore for the December quarter, attributed to rising expenses. Total income also decreased to ₹41,525 crore compared to the previous year.

Brokerages have largely retained their ratings and target prices for JSW Steel Ltd, following the company’s announcement of a 71 percent year-on-year decline in net profit for the December quarter. JM Financial, Anand Rathi, Elara Capital, and Antique Stock Broking maintained their ratings and kept target prices mostly unchanged.

India's JSW Steel reported a bigger-than-expected drop in third-quarter profit on Friday as lower prices and tepid demand continued to hurt the country's top steelmaker.

JSW Steel reported a 70.3% year-on-year (YoY) drop in consolidated net profit for Q3FY25, with earnings falling to Rs 717 crore due to declining steel prices, media reports said.

Billionaire Sajjan Jindal-led JSW Steel has declared its earnings for the October-December 2024 period, reporting a major drop in its net profit. The JSW Group company’s revenue from operations also declined on a year-on-year basis in the Q3 of FY25.