Jindal Stainless Hisar Q3 profit falls 11% to Rs 80 crore

INSUBCONTINENT EXCLUSIVE:
Mumbai: Jindal Stainless (Hisar) Limited (JSHL) reported a consolidated net profit of Rs 80 crore for the quarter, a 11% decline from Rs 94
profit stood at Rs 60 crore in Q3FY20 as compared to Rs 55 crore in the corresponding period last year (CPLY), registering an increase of
Going ahead, we will enhance our overseas market footprint as we are exploring opportunities to expand customer base in new geographies
came down by 2% at Rs 2,191 crore
156,293 tonnes in this quarter and specialty products division (SPD) that manufactures precision strips and coin blanks saw growth of 6% in
Inverted duty structure continues to hurt the industry equally, where imports of raw materials from FTA countries are being taxed at 2.5%
like railway, metro, and hollowware continued to drive demand and volumes for the Company in Q3FY20, said the company.