Jindal Stainless (Hisar) Q2 PAT rises 73% to Rs 92 cr

Jindal Stainless (Hisar) Ltd today posted a 73 per cent jump in its profit after tax (PAT) at Rs 92 crore for the quarter ended September 30.
The company had clocked Rs 53 crore profit after tax for the same quarter in the previous year, it said in a BSE filing.
During the July-September quarter, total income of the company rose to Rs 2,375.57 crore from Rs 1,717.80 crore in the year-ago period.
Total expenses during the second quarter were at Rs 2,239.87 crore as against Rs 1,651.22 crore during the same period a year ago, it added.
In a statement, the company said, its total sales volume grew 25 per cent to 1,99,649 MT in the September quarter from 1,59,496 MT in Q2 FY17.

Jindal Stainless (Hisar) Ltd Vice Chairman Abhyuday Jindal said, "Our efforts to enhance stainless steel consumption in sectors like automobile, architecture- building-construction, and strategic sectors like defence and railways, are yielding encouraging results. We are confident of growing our market share and expanding our customer base."
Shares of the company today settled at 1.03 per cent higher at Rs 216.50 apiece on the BSE.