Jindal Steel & Power surges on reporting 2- fold jump in Q4 consolidated net profit

14 May 2024 Evaluate

Jindal Steel & Power is currently trading at Rs. 969.55, up by 30.25 points or 3.22% from its previous closing of Rs. 939.30 on the BSE.

The scrip opened at Rs. 940.10 and has touched a high and low of Rs. 977.95 and Rs. 931.00 respectively. So far 135102 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 977.95 on 14-May-2024 and a 52 week low of Rs. 503.00 on 25-May-2023.

Last one week high and low of the scrip stood at Rs. 977.95 and Rs. 909.30 respectively. The current market cap of the company is Rs. 98974.05 crore.

The promoters holding in the company stood at 61.20%, while Institutions and Non-Institutions held 26.66% and 12.15% respectively.

Jindal Steel & Power has reported results for fourth quarter (Q4) and year ended March 31, 2024.

The company has reported 62.38% rise in its net profit at Rs 1281.53 crore for the quarter under review as compared to Rs 789.20 crore for the same quarter in the previous year. Total income of the company increased by 2.88% at Rs 13,788.45 crore for Q4FY24 as compared Rs 13,402.59 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported 2- fold jump in its net profit at Rs 933.46 crore for fourth quarter ended March 31, 2024 as compared to Rs 465.66 crore for the same quarter in the previous year. However, total income of the company decreased by 1.36% at Rs 13,521.31 crore for Q4FY24 as compared Rs 13,707.69 crore for the corresponding quarter previous year.

For the year ended March 31, 2024, the company has reported over 2- fold jump in net profit at Rs 5273.30 crore as compared to Rs 2426.83 crore for the previous year. However, total income of the company decreased by 2.85% at Rs 49,766.17 crore for year under review as compared to Rs 51,228.99 crore for year ended March 31, 2023.

For the year ended March 31, 2024, on the consolidated basis, the company has reported 86.12% rise in its net profit at Rs 5943.32 crore as compared to Rs 3193.21 crore for the previous year. However, total income of the company decreased by 4.89% at Rs 50183.36 crore for year under review as compared to Rs 52,768.23 crore for year ended March 31, 2023.

Jindal Steel & Power Share Price

1028.00 -0.75 (-0.07%)
07-Jun-2024 16:01 View Price Chart
Peers
Company Name CMP
Jindal Steel & Power 1028.00
Jai Balaji Inds 885.90
Lloyds Metals&Energy 705.25
Steel Exchange India 13.11
KIC Metalik 47.79
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