Comments
Jindal Stainless (Hisar) Limited (JSHL) has reported a consolidated Profit After Tax (PAT) of ₹108.35 crore in the fourth quarter of the financial year 2019-2020. The company had reported a profit of ₹96.69 crore for the same quarter of the previous financial year.
Total income for the quarter ending March 31, 2020 stood at ₹2,297.94 crore, down from ₹2,744.86 crore in the quarter ending March 31, 2019.
Commenting on the financial performance, Managing Director, Jindal Stainless (Hisar) Limited, Abhyuday Jindal said, “Our Specialty Products Division, which supplies high-end stainless steel products like precision strips, blade steel, and coin blanks to global markets, grew by 13 per cent on an annual basis. Import intensity remained high during the quarter, amounting to nearly 30 per cent of the entire market share, forcing domestic industries to operate at reduced capacities.”
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.