Starting from the March quarter, Jindal Stainless expects a rise in exports.

According to managing director Abhyuday Jindal, Jindal Stainless Ltd. expects exports to increase starting in the March quarter thanks in part to orders from customers in the US and Europe. In the September quarter, the company's exports decreased to 13% of its total sales, down from 17% a quarter earlier.

"Europe and the US have not recovered as anticipated, but we anticipate the export numbers to improve starting in Q4 due to restocking once they return from the year-end holidays," Jindal said in a statement to ET.

The company expects the average for the entire year to be in the range of 15-17%, with exports accounting for 20% of sales in the March quarter.

The company is also looking into newer markets for exports due to the increased dumping of stainless steel in India, which is hurting domestic producers. South Korea, the Middle East, and South America are a few of these. Jindal stated, "We are attempting to have a larger presence there.

On Thursday, the company released its financial results for the September quarter. Thanks in large part to strong domestic demand, its consolidated net profit increased by more than a year's worth to Rs. 764 crore.