Jindal Steel Reports Q2 Profit Rise
Indias Jindal Steel posted a 21.3 percent rise in second-quarter profit on Friday driven by strong steel demand and higher sales volumes. Revenue from operations increased significantly during the quarter ending September 30.
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India's JINDAL STEEL LTD posted a 21.3% rise in second-quarter profit on Friday morning, driven by strong steel demand. Consolidated net profit reached 7.74 billion rupees ($81.5M) for the quarter ending September 30, beating estimates.
The company outpaced consensus expectations, supported by robust sales volumes and higher blended realization.
