Jindal Stainless' quarterly net profit increased by 8% to Rs 3.29 bn

27 Jul 2022 CW Team

Due to increasing income, Jindal Stainless (JSL) reported a rise in its consolidated net profit of roughly 8 per cent to Rs 3.29 bn in the April-June quarter.

According to JSL's regulatory filing, the company made a net profit of Rs 3.05 bn over the same period in 2021–22.

Its overall revenue increased to Rs 54.90 bn, up nearly 36 per cent from Rs 40.42 bn in the same time last year.

In the quarter, expenses rose to Rs 50.89 bn from Rs 36.10 bn in the April-June period of the previous year.

The largest stainless steel producer in the nation, Jindal Stainless, with an annual melt capacity of 1.9 million tonne (MT). In Haryana and Odisha, it has two manufacturing facilities for stainless steel.

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