Jindal Stainless third quarter revenue jumps 9% to Rs 3,585 crore ...Middle East

Jindal Stainless Ltd (JSL) said on Thursday its consolidated revenue in Q3 FY21 stood at Rs 3,585 crore, up by 9 per cent year-on-year.The net revenue and earnings before interest, tax, depreciation and amortisation (EBITDA) totalled Rs 473 crore while EBITDA margin was at 13.2 per cent. The profit after tax was Rs 170 crore.The company said continuous and accelerated deleveraging along with interest rate rationalisation helped bring down the interest cost by 16 per cent over the corresponding period of last year to Rs 117 crore.Besides, the Indian economy gained momentum and registered a faster than expected recovery after the peak Covid-19 period in 2020. The third quarter witnessed health

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