Jindal Stainless Q4 Profit Jumps on Domestic Demand
India's top stainless steel producer posted a quarterly profit of 8.44 billion rupees. Strong domestic demand and import curbs helped offset supply disruptions.
Xurve View
Insights:
Xurve View
JINDAL STAINLESS LTD grew its fourth-quarter profit 42.7% to 8.44 billion rupees ($88.78 million) as India's domestic demand accelerated. Net revenue rose 11.2% to 113.37 billion rupees compared to 102.92 billion rupees in the previous year. The results validate the producer's expansion strategy amid trade protections against China's steel exports.
