Jindal Stainless anticipates a rise in its export numbers starting from the March quarter and beyond.
economics times
India
23-10-2023
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Jindal Stainless Ltd, under the leadership of Managing Director Abhyuday Jindal, foresees an upturn in its export figures commencing in the upcoming March quarter. This improvement is expected to be driven by firm orders received from clients based in the United States and Europe. In the September quarter, the company experienced a decline in its export contribution, which dropped from 17% in the preceding quarter to 13% of its total sales.
Jindal expressed, "Although Europe and the US have not rebounded as initially anticipated, we are optimistic about a favorable shift in export numbers in the fourth quarter. This optimism arises from expectations of increased demand as clients resume restocking post their year-end holiday periods."