Jindal Stainless - Robust Performance

Jindal Stainless June Qtr. Net Jumps 63%

Jindal Stainless Ltd., India's largest stainless steel maker, on Monday reported a 63 percent rise in net profit for the quarter ended June on higher sales and cost-cutting measures, a senior official said.

It reported a net profit of 826 million rupees on net sales of 11.97 billion rupees for April-June.

A key factor has been the company's ability to produce cost-effective products and its flexibility to meet market requirements, Ratan Jindal, vice-chairman and managing director, said.

"During the quarter, we experienced diversified demand for stainless steel from both new and existing customers across key verticals and geographic markets," Jindal said.