19
Jan
11:50
Jindal Stainless net profit surges on domestic demand
Jindal Stainless reported a 35% year-on-year increase in consolidated net profit to INR 6.91 billion ($83.23 million) for the fiscal third quarter through December 2023 (FQ3). This rise was attributed to healthy domestic demand, Kallanish notes.
Profit after tax for the first nine months for the financial year ending March 2024 rose by 60% y-o-y to INR 21.93 billion.
“Domestic demand for stainless steel continued to be on the rise, with the auto sector witn…
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Anonymous
Very good overview of the weekly steel market.
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