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Jindal Stainless Hisar reports 59% fall in Q3 net profit

31 Jan 2019 Evaluate

Jindal Stainless (Hisar) has reported results for third quarter ended December 31, 2018.

The company has reported a fall of 58.79% in its net profit at Rs 55.07 crore for the quarter under review as compared to Rs 133.63 crore for the same quarter in the previous year. Total income of the company decreased by 8.52% at Rs 2256.20 crore for Q3FY19 as compared Rs 2466.37 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 1187.00
Tata Steel 167.25
Steel Authority 165.00
Jindal Stainless 688.40
APL Apollo Tubes 2021.00
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