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Jindal Stainless reports 61% fall in Q3 net profit

07 Feb 2019 Evaluate

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

The company has reported a fall of 61.14% in its net profit at Rs 52.35 crore for the quarter under review as compared to Rs 134.73 crore for the same quarter in the previous year. However, total income of the company increased by 4.70% at Rs 3,140.59 crore for Q3FY19 as compared Rs 2,999.66 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 1255.00
Tata Steel 184.65
Steel Authority 181.60
Jindal Stainless 746.95
APL Apollo Tubes 2181.05
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