JSL’s stainless steel sales grow in Q1 FY24
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Update time : 2023-08-03 16:31:22
Jindal Stainless Limited (JSL), the largest stainless steel manufacturer in India, reported its stainless steel standalone sales totaled 548,613 tons in the first quarter of the fiscal year 2024, rising by 54% compared to the same period a year ago, driven up by government’s policy of infrastructure and growth in the domestic market.
During the period, the company’s standalone net revenue was INR 10,027 crore, a year-on-year increase of 25%. The standalone EBITDA was INR 1,118 crore, and the standalone profit after tax was INR 666 crore. The consolidated net revenue increased by 25% year on year to INR 10,184 crore.
In the first quarter of the fiscal year 2024, JSL’s overall exports rose by 17% year on year. The company continued to focus on operating the markets including the US and Europe.
