BENGALURU (Reuters) - India's JSW Steel on Friday reported a fall in fourth-quarter profit as softer steel prices and higher costs hurt its earnings.

The country's largest steelmaker said consolidated net profit declined nearly 65% year-on-year to 12.99 billion rupees ($155.9 million) for the three months ended March 31, making this the company's first quarterly profit fall after three straight quarter of gains.

($1 = 83.3129 Indian rupees)

(Reporting by Manvi Pant in Bengaluru; Editing by Sohini Goswami)