Jindal Stainless Q3 profit vaults 52%

Jindal Stainless Ltd on Wednesday reported a net profit of Rs 47.5 crore in the third quarter of 2003-04, up 52 per cent from the year-ago period.

Its turnover for the quarter was Rs 587 crore, up 28 per cent. The company has decided to go for a stock split to improve liquidity in the stock market.

The company's board will meet on January 23 to take a final decision on the matter.