India’s Jindal Stainless Limited (JSL) has reported a consolidated net profit of INR 5 billion ($56.96 million) in the fourth quarter (January-March) of the fiscal year 2023-24, a decline of 34.61 percent year on year, according to a company statement on Thursday, May 16.
The company reported sales revenues of INR 94 billion ($1.13 billion) during the quarter, marking a fall of 3.19 percent year on year.
For the full fiscal year of 2023-24, JSL reported a net profit of INR 27 billion ($324.90 million), a rise of 28.31 percent year on year, with a sales revenue growth of 8.03 percent year on year to INR 385 billion ($4.62 billion), the company reported.