New Delhi: Jindal Stainless Ltd (JSL) on Friday reported Rs161.12 crore net profit for the March quarter of the last fiscal.

It had clocked a net loss of Rs171 crore during the January-March quarter of the previous fiscal, 2015-16, JSL said in a filing to the BSE.

The company’s total income rose by 23.75% to 2,481.41 crore during the fourth quarter of 2016-17 as against 2,005.11 crore in the year-ago period.

The total expenses of the company rose to 2,267.03 crore in the period under review as against 2,199.86 crore in the year-ago period.

For the entire 2016-17, the company posted a profit of 81.57 crore on a consolidated basis. It had posted a net loss of 556.79 crore for 2015-16 fiscal. The JSL stock closed 1.09% up at 78.65 on BSE.