Jindal Stainless Q4 Earnings Jump on Improved Sales

New Delhi, May 4 (BNP): Jindal Stainless reported a strong performance in the fourth quarter ended March 31, with consolidated net profit rising over 41% year-on-year, supported by higher revenues.

The company posted a net profit of ₹834.21 crore in Q4, compared to ₹589.96 crore in the same period last year, according to an exchange filing.

Total income during the quarter also increased to ₹11,427.91 crore, up from ₹10,292.27 crore in the corresponding period of the previous financial year.

The company said improved revenue performance contributed to the rise in profitability during the reporting quarter.