India's biggest steel producer, JSW Steel Ltd <JSTL.NS>, 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. (http://bit.ly/2uTGnP5)
Analysts on average had expected net profit of 5.83 billion rupees, according to Thomson Reuters data.
($1=64.0750 Indian rupees)
(Reporting by Krishna V Kurup in BENGALURU; Editing by Clarence Fernandez)