Home / Companies / Company Results /  Jindal Stainless Q2 net profit grows 3-folds to 498.58 crore
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NEW DELHI : Jindal Stainless (Hisar) Ltd (JSHL) on Thursday posted a nearly three-fold jump in its consolidated net profit at 498.58 crore during the quarter ended September 30, mainly on account of higher income.

In a regulatory filing, the company said it had clocked 168.64 crore net profit in the year-ago quarter. 

The company's total income in the July-September quarter of the ongoing fiscal also rose to 3,771.90 crore from 2,328.92 crore a year ago.

Its expenses were at 3,262.26 crore as against 2,149.79 crore in July-September period of the preceding 2020-21 financial year.

In a statement, JSHL Managing Director Abhyuday Jindal, said, “Strong macro-economic fundamentals of the economy led to a quick recovery during the second quarter and strengthened market demand."

He said that an overall increase in government spending along with further improvement in economic activity will support demand recovery.          According to the company, demand from all end-use segments like pipe and tube, hollowware, white goods along with railways & wagons, and metro rail grew during the quarter.

Sales in the auto segment were weak as the semiconductors' shortage led to a decline in the production of passenger vehicles.

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