Jindal Stainless Q3 net profit surges 142% to Rs 1.33 bn

During the Oct-Dec quarter, total income of company rose to Rs 24.66 bn from Rs 20.07 bn in the year-ago period

Jindal Stainless (Hisar) Ltd on Monday posted a 142 per cent jump in its net profit at Rs 1.33 billion for the quarter ended December 2017.

The company had clocked a net profit of Rs 0.55 billion in the year ago quarter, Jindal Stainless (Hisar) Ltd (JSL) said in a BSE filing.

During the October-December quarter, total income of the company rose to Rs 24.66 billion from Rs 20.07 billion in the year-ago period.

Total expenses during the second quarter were at Rs 22.77 billion as against Rs 19.26 billion during the same period a year ago, it added.