Jindal Stainless posts Rs 271 cr profit in Q1 || Hybiz tv

Описание: Jindal Stainless Ltd (JSL) returned to black in the April-June quarter, posting a net profit of Rs 271.42 crore on the back of a significant rise in income.The stainless steel maker also announced a Rs 2,150 crore investment plan to double the capacity of its Jajpur unit to 2.10 MTPA, to cater to the future growth in domestic as well as international markets.During the year-ago quarter, the company had posted a loss of Rs 86.50 crore.Its total income in the quarter under review rose to Rs 3,850.89 crore from Rs 1,271.25 crore in the year-ago period. The company's expenses were at Rs 3,433.27 crore in April-June 2021 as against Rs 1,410.04 crore a year ago.The proposed capacity would be added by financial year 2022-23, the company said adding the mode of financing to expand the unit will be through a combination of internal accruals and debt.
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