JSW Holdings Q2 net profit declines 23% to Rs 15.56 cr

JSW Holdings, the investment arm of JSW Group, today reported 23 per cent decline in net profit at Rs 15.56 crore for the quarter ended September 30, 2016.
The firm had clocked a net profit of Rs 20.11 crore in the year-ago period, it said in a BSE filing.
Total income of the company also fell by 17 per cent to Rs 22.01 crore in July-September quarter as against Rs 26.51 crore during the same period a year ago.
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.