+
JSL profit increases to Rs 5,682.37 crore in Dec quarter
Steel

JSL profit increases to Rs 5,682.37 crore in Dec quarter

On Monday Jindal Stainless Limited (JSL) said that their consolidated profit for the December quarter increased almost three times to Rs 441.78 crore.

In a filing to Bombay stock exchange (BSE), the steel company mentioned that in a period of one year, the company had recorded a profit of Rs 170.20 crore.

The company’s income in the third quarter increased from Rs 3,592.04 crore to Rs 5,682.37 crore in the year-ago period.

JSL has continued the registration of profitable growth via harnessing export markets as well as maintenance of total sales level on a yearly basis.

The statement further said that the company was agile and responsive to their customers’ needs with help of a sharp product mix that was accustomed to the demands.

JSL Managing Director, Abhyuday Jindal said that an intelligent product mix along with the agility to upgrade exports assisted JSL to maintain profitability irrespective of the stiff and unfair competition from Chinese and Indonesian imports.

He added that they are always looking for new application methods for stainless steel which keep them ahead of their competition and increase their share in domestic as well as export markets. A sharp focus on the financial prudence and solid operational fundamentals served them well, and they shall continue to strategise business in alignment with market dynamics," he added.

The board has given the approval to raise to Rs 3,500 crore via issuance of debt securities.

Image Source

Also read: 2,000-tonne stainless steel by JSL for Kanpur Metro Project

On Monday Jindal Stainless Limited (JSL) said that their consolidated profit for the December quarter increased almost three times to Rs 441.78 crore. In a filing to Bombay stock exchange (BSE), the steel company mentioned that in a period of one year, the company had recorded a profit of Rs 170.20 crore. The company’s income in the third quarter increased from Rs 3,592.04 crore to Rs 5,682.37 crore in the year-ago period. JSL has continued the registration of profitable growth via harnessing export markets as well as maintenance of total sales level on a yearly basis. The statement further said that the company was agile and responsive to their customers’ needs with help of a sharp product mix that was accustomed to the demands. JSL Managing Director, Abhyuday Jindal said that an intelligent product mix along with the agility to upgrade exports assisted JSL to maintain profitability irrespective of the stiff and unfair competition from Chinese and Indonesian imports. He added that they are always looking for new application methods for stainless steel which keep them ahead of their competition and increase their share in domestic as well as export markets. A sharp focus on the financial prudence and solid operational fundamentals served them well, and they shall continue to strategise business in alignment with market dynamics, he added. The board has given the approval to raise to Rs 3,500 crore via issuance of debt securities. Image Source Also read: 2,000-tonne stainless steel by JSL for Kanpur Metro Project

Next Story
Infrastructure Urban

APCRDA Approves Rs 9.04 Bn to Upgrade Infrastructure in 29 Amaravati Villages

The Andhra Pradesh Capital Region Development Authority (APCRDA), chaired by Chief Minister N Chandrababu Naidu, has approved Rs 9.04 billion for addressing key infrastructure gaps in 29 villages within Amaravati’s greenfield capital area, announced Municipal Administration Minister P. Narayana at the 51st CRDA meeting.The funds will be used to upgrade critical facilities including roads, drains, drinking water supply, sewerage systems, and street lighting. A detailed assessment revealed a 30 per cent shortfall in water supply, a total absence of sewerage infrastructure, a 40 per cent defici..

Next Story
Infrastructure Transport

Cabinet Approves Phase-1B of Lucknow Metro Rail Project Worth Rs 58.01 Bn

The Union Cabinet, led by Prime Minister Narendra Modi, has approved Phase-1B of the Lucknow Metro Rail Project in Uttar Pradesh. This phase covers an 11.165 km corridor with 12 stations—7 underground and 5 elevated—extending the city’s metro network to 34 km upon completion.Phase-1B targets the dense, historic parts of Lucknow, enhancing connectivity across key commercial, healthcare, tourist, and culinary hubs. Important areas served include Aminabad, Yahiyaganj, Pandeyganj, Chowk, King George’s Medical University, and landmarks like Bara Imambara and Rumi Darwaza.This expansion prom..

Next Story
Infrastructure Transport

Major Upgrades Planned for Tamil Nadu’s National Waterways

Tamil Nadu is poised for significant infrastructure upgrades across its National Waterways (NWs), with a focus on developing jetties, cargo hubs, and cruise tourism circuits, according to the Ministry of Ports, Shipping and Waterways. These projects aim to promote sustainable inland water transport and boost regional economic activity.Key projects include the development of Buckingham Canal (part of NW-4), with jetties planned at the following locations:Mahabalipuram to Ediyur BridgeCooum River near Marina BeachPulicat LakeEnnore Port to ETPS, specifically for cargo operationsOther National Wa..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?