Jindal Stainless Q2 net profit rises 11% to Rs 898 crore

What happened: Jindal Stainless reported an 11% rise in Q2 net profit to Rs 898 crore and cut its volume growth guidance for the year. Key numbers: Net profit Rs 898 crore, up 11%. Net revenue Rs 12,874 crore, up more than 18% on year. Sales of 6,64,378 tonnes, up 2.5%, with 11% exports. Volume growth guidance cut to 4-6% from 7-9%. Why it matters: The company said its first quarter was badly disrupted, and the revised guidance is likely to be its lowest volume growth in at least five years. Coverage: 4 outlets in 24h

Jindal Stainless reported an 11% rise in Q2 net profit to Rs 898 crore and cut its volume growth guidance for the year.

The company said its first quarter was badly disrupted, and the revised guidance is likely to be its lowest volume growth in at least five years.