Jindal Stainless Q1 Profit Up Amid Trade Woes

  Published 10 months ago

Jindal Stainless posted 11% Q1 profit growth, despite a delayed anti-dumping probe and looming U.S. tariffs on Indian exports.

  • Anti-dumping probe into cheap steel imports delayed due to U.S. tariff tensions and trade uncertainty.
  • Domestic demand remained robust, driven by strong manufacturing and government spending in key sectors.
  • Q1 profit rose to Rs 7.15 billion, with 91% of sales from India; revenue increased 8.2% to Rs 102.07 billion.

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