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Jindal Stainless Q1 net profit surges 50% to Rs 74cr

Press Trust of India  |  New Delhi 

Jindal Stainless (Hisar) today reported 50.47 per cent jump in its standalone net profit to Rs 74.38 crore during the first quarter ended June 30.

The company's net profit stood at Rs 49.43 crore in the April-June quarter of the last fiscal.

Total of the stainless steel maker also rose to Rs 2,438.27 crore from Rs 1,653.18 crore during the same quarter of the preceding fiscal, it said in a filing.

Its total expenses in the quarter during the said period were at Rs 2,327.32 crore as against Rs 1,574.07 crore in the corresponding quarter of the last fiscal.

of the company were trading down 4.17 per cent at Rs 163.15 apiece on the

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, August 07 2017. 16:07 IST