Jindal Stainless Q2 net profit rises 11% to Rs 898 crore
Jindal Stainless has revised its FY27 volume growth outlook to 4-6%, down from the previous 7-9% forecast, due to declining sales. Despite the downturn, the company reported an 11% rise in profits during the September quarter, driven by over 664,000 tonnes of steel sold, with exports comprising 11%. This adjustment reflects ongoing challenges in the market...
Key Takeaways
- Jindal Stainless has revised its FY27 volume growth outlook to 4-6%, down from the previous 7-9% forecast, due to declining sales.
- Despite the downturn, the company reported an 11% rise in profits during the September quarter, driven by over 664,000 tonnes of steel sold, with exports comprising 11%.
- This adjustment reflects ongoing challenges in the market affecting their overall performance.
Jindal Stainless has revised its FY27 volume growth outlook to 4-6%, down from the previous 7-9% forecast, due to declining sales. Despite the downturn, the company reported an 11% rise in profits during the September quarter, driven by over 664,000 tonnes of steel sold, with exports comprising 11%. This adjustment reflects ongoing challenges in the market affecting their overall performance.
Original Publisher Attribution
This summary was curated from Economic Times.