JSW Steel reported a 6.45 per cent decline in consolidated net profit at Rs 234.08 crore for the first quarter ended June 30, 2009, over the same period last year.
The company had a net profit of Rs 250.23 crore in the same quarter ended June 2008, JSW Steel said in a filing to the Bombay Stock Exchange.
Net sales declined to Rs 4,253.52 crore in the latest quarter, against Rs 4,483.79 crore in the same quarter previous fiscal.
Shares of JSW Steel were trading at Rs 609.90 on the BSE, up 1.60 per cent from previous close.