Jindal Stainless Ltd (JSL) is expected to witness 20% volume growth this fiscal year following an 8% surge in the fourth quarter of FY23, top executives of the company said in an interview.
This optimism rides on the resurgence of domestic demand, and the withdrawal of export restrictions by the government in November, Abhyuday Jindal, the company's managing director, said in an interview.
The company on Wednesday reported net profits of ₹659 crore for the March quarter and ₹2,014 crore for FY23, against net profits of ₹668 crore and ₹1674 crore for the previous corresponding periods. It also announced a dividend of ₹1.50 per share for FY23, taking the total payout to ₹2.50 a share. This follows a ₹1 per share payout on the successful completion of a merger.
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