India's Jindal Stainless (JIST.NS), posted a 42.7% jump in fourth-quarter profit on Monday, helped by strong ?domestic demand for its products.

• The company's consolidated ‌quarterly profit after tax rose to 8.44 billion rupees ($88.78 million) for the quarter ended March 31, from 5.90 ?billion rupees a year earlier.

• Net revenue rose ?11.2% to 113.37 billion rupees, from 102.92 ?billion previously.

• Analysts at brokerage HSBC say the steel ?sector is in a "sweet spot", situated between demand ?visibility and import curbs, but added capacity growth has been lagging demand.

• India imposed a three-year safeguard duty on select steel ?imports in December after a surge in shipments ?from China hurt domestic producers.

• The company cited "robust domestic demand and ‌rising ?stainless steel adoption across sectors" for its "healthy volume growth".

• In March, Jindal Stainless said its plants ran at reduced capacity due to fuel shortages from Middle ?East war ?disruptions, while ?shipping delays pressured supply chains and margins.

• The company, India's biggest stainless-steel producer, has ?been expanding its facilities as it ?targets ?an annual melt capacity of 4.2 million metric tons by FY27.

• It operates 16 stainless-steel facilities across India, ?Spain ?and Indonesia, with a network ?spanning 12 countries, as of March 2025. 

Source: Reuters 

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