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Jindal Stainless Q1 net profit up 8%, price hikes offset cost surge
Jindal Stainless production dipped during the June quarter due to West Asia conflict disruptions. However, price increases helped ease some of the cost pressures experienced. Consolidated net profit rose nearly 8% while revenue increased by ten percent. Sales volume dropped over 7%, impacted by fuel supply chain issues. The company's net debt decreased, and its net debt-to-EBITDA ratio improved.
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thehindubusinessline.com
Jindal Stainless Q1 net profit jumps 7.6% to ₹769 cr
Jindal Stainless reports a 7.6% rise in Q1 net profit to ₹769 crore, driven by increased revenues despite operational challenges.
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Jindal Stainless net up 6% in Q1 on better realisation
Jindal Stainless reported that its net profit in the June quarter was up 6 per cent at ₹769 crore against ₹715 crore logged in the same period last year, on the back of higher…
