Jindal Stainless net up more than 50%

Jindal Stainless (Hisar) reported a more than 50 per cent jump in standalone net profit for the quarter ended June 30, 2017, at ₹74.38 crore. It had posted a net profit of ₹49.43 crore for the same quarter of the previous fiscal. Total income also zoomed up by 47 per cent at ₹2438.27 crore (₹1,653.18 crore). The company’s Vice-Chairman Abhyuday Jindal attributed the growth to emphasis on specialised and customised grades of stainless steel. “Our product differentiation and diversification strategy has held us in good stead. We will continue our drive towards upgrading our offerings and finding new avenues for applications of stainless steel products,” he said.