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Jindal Stainless reports over 2-fold jump in Q1 net profit

18 Jul 2018 Evaluate

Jindal Stainless has reported results for first quarter ended June 30, 2018.

The company has reported over 2-fold jump in its net profit at Rs 90.85 crore for the quarter under review as compared to Rs 41.50 crore for the same quarter in the previous year. Total income of the company increased by 43.05% at Rs 3,152.53 crore for Q1FY19 as compared Rs 2,203.86 crore for the corresponding quarter previous year.

Jindal Stainless is one of the largest stainless steel conglomerates in India and ranks amongst the top 10 stainless steel conglomerates in the world.

Peers
Company Name CMP
JSW Steel 1252.00
Tata Steel 184.60
Steel Authority 180.25
Jindal Stainless 740.00
APL Apollo Tubes 2189.95
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