Indian Kindale Stainless Steel Releases Performance Report

Indian Kindale Stainless Steel Releases Performance Report

According to the independent performance report issued by JSL, the sales of stainless steel in India increased by 9% to 8524.79 million tons from 7789.33 million tons in the previous fiscal year in the fiscal year ended March 31, 2018/2019, of which the fourth quarter increased by 10% to 2248.65 million tons annually, and the net sales increased by 17% to 125.85 million rupees from the same period last year. Among them, the fourth quarter annually increased by nearly 4% to 3251 million rupees; gross operating profit (EBITDA) decreased by about 11% to 1136 million rupees, of which the fourth quarter annually increased by nearly 33% to 302 million rupees; after-tax profit decreased by about 56% to 139 million rupees, of which the fourth quarter annually decreased by about 38% to 320 million rupees.

According to JSL, India's imports of stainless steel from Indonesia increased nearly 14 times in fiscal year 2018/2019.

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