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Shares of Jindal Stainless (Hisar) Ltd (JSHL) jumped nearly 7 per cent to hit a 52-week high of Rs 192.95 on the BSE in Wednesday s intra-day trade following a strong performance in the March quarter.
The company reported an over three-fold jump in its consolidated net profit at Rs 350.65 crore for the quarter ended March 31, 2021, mainly on account of increased income, as against Rs 108.35 crore posted in the same quarter last fiscal.
Its total income during the quarter under review rose to Rs 3,128.20 crore from Rs 2,297.94 crore in the year-ago period. For Q4FY21, JSHL reported consolidated EBITDA (earnings before interest, tax, depreciation and amortisation) of Rs 406 crore, up 123 per cent year-on-year (YoY) while the EBITDA margins expanded by 500 bps to 13.1 per cent. ....

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