JSL's Q1 net profits rise by 63 percent

For the first quarter of the current Indian financial year, JSL has reported that its net profits rose to Rupees 826 million ($20.5 million) from Rupees 507.90 million ($12.6 million), whereas the company's total net income increased to Rupees 12,014.9 million ($298 million) from Rupees 8,598.2 million ($214 million), compared to the corresponding period of the previous year.

Commenting on the results, Ratan Jindal, the managing director of Jindal Stainless Limited, said, "During the period in question, we experienced diversified demands for stainless steel from both new and existing customers. The key factors in this achievement have been the ability to produce cost-effective products and the flexibility to meet market requirements".