Jindal Stainless Hisar Ltd (JSHL) on Thursday reported 64 per cent jump in consolidated net profit at Rs 574.70 crore for the quarter ended March 31, 2022, mainly on account of increased income.
The company's net profit stood at Rs 350.65 crore in January-March 2020-21, JSHL said in a BSE filing.
Total income during the quarter under review rose to Rs 4,350.39 crore from Rs 3,128.80 crore in the year-ago period.
Total expenses were at Rs 3,813.29 crore against Rs 2,812.81 crore a year ago.
In a separate statement, JSHL said its net external debt stood at Rs 1,605 crore as on March 31, 2022.
The company recorded a robust quarter owing to new product development, quality improvement and capacity building for its value-added product portfolio, it said.
"We continue to enhance customer satisfaction and establish long-term mutually beneficial relations through world-class products, transparent policies, and improved services.
"We are also committed to creating opportunities for increased usage of stainless steel in varied applications by developing new grades and specialty stainless steel products for critical applications," JSHL MD Abhyuday Jindal said.