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Jindal Stainless (Hisar) Limited (JSHL) has reported a consolidated Profit After Tax (PAT) of ₹108.35 crore in the fourth quarter of the financial year 2019-2020. The company had reported a profit of ₹96.69 crore for the same quarter of the previous financial year.
Total income for the quarter ending March 31, 2020 stood at ₹2,297.94 crore, down from ₹2,744.86 crore in the quarter ending March 31, 2019.
Commenting on the financial performance, Managing Director, Jindal Stainless (Hisar) Limited, Abhyuday Jindal said, “Our Specialty Products Division, which supplies high-end stainless steel products like precision strips, blade steel, and coin blanks to global markets, grew by 13 per cent on an annual basis. Import intensity remained high during the quarter, amounting to nearly 30 per cent of the entire market share, forcing domestic industries to operate at reduced capacities.”
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