India's biggest steel producer, JSW Steel Ltd, said on Tuesday net profit fell 44 percent in the quarter ended June, but outperformed analysts' estimates.
Net profit for the Mumbai-based steelmaker's first quarter dropped to 6.26 billion rupees ($97.70 million), from 11.20 billion a year earlier.
Analysts on average had expected net profit of 5.83 billion
rupees, according to Thomson Reuters data.
($1=64.0750 Indian rupees)
