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Jindal Stainless Q1 net profit up 8%, price hikes offset cost surge

Jindal Stainless production dipped during the June quarter due to West Asia conflict disruptions. However, price increases helped ease some of the cost pressures experienced. Consolidated net profit rose nearly 8% while revenue increased by ten percent. Sales volume dropped over 7%, impacted by fuel supply chain issues. The company's net debt decreased, and its net debt-to-EBITDA ratio improved.

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Economic TimesLean R·2h ago
Jindal Stainless Q1 net profit up 8%, price hikes offset cost surge
Jindal Stainless production dipped during the June quarter due to West Asia conflict disruptions. However, price increases helped ease some of the cost pressures experienced. Consolidated net profit rose nearly 8% while revenue increased by ten percent. Sales volume dropped over 7%, impacted by fuel supply chain issues. The company's net debt decreased, and its net debt-to-EBITDA ratio improved.
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Jindal Stainless Q1 net profit up 8%, price hikes offset cost surge

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Jindal Stainless Q1 net profit up 8%, price hikes offset cost surge

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