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New Delhi Jan. 24 Jindal Stainless Ltd (JSL) on Wednesday reported a profit-after-tax (PAT) of Rs 113.05 crore for the third quarter on a sales turnover of Rs 1,544.91 crore. The PAT and turnover for the corresponding quarter last fiscal stood at Rs 20.94 crore and 784.05 crore, respectively, according to an official release. The company's PAT for the first nine months of the current fiscal stood at Rs 260.89 crore on a turnover of Rs 3,722.82 crore.

According to Mr Ratan Jindal, Vice-Chairman and Managing Director of the company, "The overall performance of the quarter has been an outcome of improved productivity parameters in all areas such as product mix, cost savings led by optimised operations, efficient procurement and increased production of ferro-chrome at our plant in Orissa. This has been further supported by positive market sentiments."

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