India’s Jindal Stainless posts Q2 profit decline on lower steel prices
(Reuters) – India’s Jindal Stainless reported a drop in second-quarter profit on Thursday, as falling steel prices offset a drop in input costs. The company’s consolidated profit after tax fell 20% to 6.09 billion rupees ($72.4 million) for the three months ended Sept. 30. The stainless steel maker’s net revenue came in at 97.77 billion …
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