Jindal Stainless (Hisar) posts Q3 loss

Newly listed Jindal Stainless (Hisar) Ltd on Monday announced its maiden earnings scorecard with a net loss. For the third quarter of fiscal 2015-16, it reported a net loss of ₹1.27 crore. Net revenues stood at ₹1,484.23 crore. The stainless steel manufacturer got listed after a restructuring of the Rattan Jindal promoted Jindal Stainless Ltd. For the nine-months ended December 2015, its net profit stood at ₹2.27 crore while net revenue was ₹4,930 crore.