Jindal Steel Q2 Profit Rises 21.3% on Higher Sales Volumes
Consolidated net profit reached 7.74 billion rupees in the quarter ended September 30, up from 6.38 billion rupees a year earlier. Higher sales volumes were driven by strong steel demand.
India's Jindal Steel (NSE:JINDALSTEL) said Friday that profit for its second quarter increased 21.3%, supported by higher sales volumes amid strong steel demand. Consolidated net profit reached 7.74 billion rupees ($81.5 million) for the quarter ended September 30, compared with 6.38 billion rupees in the year-earlier period. Analyst…