The Ratan Jindal-run JSL Stainless Ltd (formerly JSL Ltd) has reported a flat bottomline for the quarter ended June 2010. The OP Jindal Group company saw its net profits increase 3 per cent to Rs 98 crore even as gross sales rose 22 per cent to Rs 1,745 crore.
EBITDA improved 50 per cent to Rs 322 crore during the quarter ended June. The name change has been undertaken to reflect the core stainless steel operations of the company, JSL said in a statement.
