Jindal Stainless net profit in the September quarter was up 33 per cent at ₹808 crore against ₹609 crore on back of higher volume of value added products.

Revenue increased 11 per cent at ₹10,893 crore (₹9,777 crore) and EBITDA was up 17 per cent at ₹1,388 crore.

The company’s EBITDA was boosted by exceptional gain from the revaluation of step down subsidiary and sale of certain assets and the subsidiaries.

Sales volume jumped 15 per cent to 6.48 lakh tonnes, despite large scale cheap imports flooding the market.

The company expects pricing pressure in the short term due to increase in cheap imports and excess supply globally.

Abhyuday Jindal, Managing Director, Jindal Stainless said prices will be under pressure because of heavy import intensity and it is a kind of open market witho

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