JSW Holdings Posts 23% Fall In Q2 Profit

New Delhi: JSW Holdings, the investment arm of JSW Group, on Friday reported a 23 per cent decline in net profit at Rs 15.56 crore for the quarter ended September 30, 2016.

The company had clocked a net profit of Rs 20.11 crore for the corresponding period a year ago, it said in a filing to the BSE.

Total income of the company fell 17 per cent to Rs 22.01 crore in the quarter under review, as against Rs 26.51 crore in the year-ago period.

JSW Holdings is a non-banking financial company (NBFC) that forms the investment arm of the Sajjan Jindal-led JSW Group, with major part of its funds invested in the steel company JSW Steel.