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Jindal Stainless (Hisar) reports 50% rise in Q1 net profit

08 Aug 2017 Evaluate

Jindal Stainless (Hisar) has reported results for first quarter ended June 30, 2017.

The company has reported rise of 50.48% in its net profit at Rs 74.38 crore for the quarter under review as compared to Rs 49.43 crore for the same quarter in the previous year. Total income of the company increased by 47.49% at Rs 2438.27 crore for Q1FY18 as compared Rs 1653.18 crore for the corresponding quarter previous year.

Jindal Stainless (Hisar) is an India-based manufacturer of stainless steel. The company is a producer of stainless steel strips for razor blades and coin blanks. The company’s specialty product division caters to the precision and specialty stainless steel requirements of Indian and International customers.

Peers
Company Name CMP
JSW Steel 1255.00
Tata Steel 184.65
Steel Authority 181.60
Jindal Stainless 746.95
APL Apollo Tubes 2181.05
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