JSW Steel reported a sharp jump in Q4 earnings, with profit before tax more than doubling for the quarter ended March 31. The company attributed the surge to recovering steel prices and steady demand, despite higher costs linked to the Iran war. Consolidated profit before exceptional items and tax stood at Rs 44.89 billion, underscoring resilience as the market firms up.
Warehouse builders are bracing for a tough stretch as steel prices—accounting for 30% to 40% of construction costs—surge alongside diesel, cement, and labour. With rents not moving fast enough, developers are betting that rental increases will absorb the ballooning costs and protect India’s warehousing growth momentum.
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