Jindal Stainless Ltd (JSL) on Friday reported a consolidated web revenue of Rs 292.61 crore for the fourth quarter ended March 2021.
The corporate had registered a web lack of Rs 66.20 crore within the year-ago interval, JSL mentioned in a BSE submitting.
In the course of the January-March quarter, the corporate’s complete revenue rose to Rs 3,926.30 crore from Rs 3,107.34 crore a 12 months in the past.
Its complete bills through the quarter stood at Rs 3,564.82 crore as towards Rs 3,124.13 crore in the identical interval earlier fiscal.
“Our agile enterprise technique all year long, regardless of the pandemic-induced challenges, has helped JSL ship a powerful efficiency. A gentle demand within the home market throughout segments through the fourth quarter has helped progress in gross sales quantity and income,” JSL MD Abhyuday Jindal mentioned in a press release.
Indian industries have proved on this hour of want, that home manufacturing not solely helps generate employment however can even help the nation with oxygen and well being infrastructure, he added.
JSL mentioned the fourth quarter was buoyed by segments like auto, and a wholesome revival in demand from the pipe and tube phase, together with Railways and allied infrastructure, together with the metro phase.
The corporate maintained its concentrate on assembly home demand, which led to a rise within the general proportion of home gross sales.
JSL additionally mentioned that the suspension of countervailing obligation (CVD) introduced within the Union Price range is affecting the home trade.
“It has opened the Indian economic system to dumped and subsidised imports from China and Chinese language investments in Indonesia. That is prone to adversely impression home manufacturing, particularly the MSME sectors, pushing it into buying and selling rather than manufacturing,” the corporate mentioned.
Within the Price range for 2021-22, the federal government briefly revoked the CVD on imports of sure scorching rolled and chilly rolled chrome steel flat merchandise, originating in or exported from China.
It additionally revoked provisional CVD on imports of flat merchandise of chrome steel, originating in or exported from Indonesia.
JSL additionally mentioned over 40 metric tonne of liquid medical oxygen (LMO) is being dispatched each day from the corporate’s Jajpur facility to fulfill the growing demand of LMO in Odisha, Andhra Pradesh, and different states.
The corporate can be airlifting LMO from its Jajpur facility for dissemination in Hisar.
(Solely the headline and film of this report could have been reworked by the Enterprise Normal employees; the remainder of the content material is auto-generated from a syndicated feed.)