17
Jan
12:48
Jindal SAW profit soars 200% in December quarter
Jindal SAW reported a huge rise in its third-fiscal-quarter-through-December (FQ3) earnings. The company’s consolidated net profit surged 200% year-on-year to INR 5.117 billion ($61.54 million), Kallanish notes.
The company says in a note that “higher exports, improved volumes and rangebound raw material prices have contributed towards margin improvement”.
The group’s standalone net profit was at INR 4.52 billion in FQ3 compared to INR 2.…
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Anonymous
Very good overview of the weekly steel market.
Anonymous