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Jindal Stainless reports 57% fall in Q1 consolidated net profit

06 Aug 2019 Evaluate

Jindal Stainless has reported results for first quarter ended June 30, 2019.

The company has reported 26.44% fall in its net profit at Rs 66.83 crore for the quarter under review as compared to Rs 90.85 crore for the same quarter in the previous year. Total income of the company decreased by 2.14% at Rs 3,076.43 crore for Q1FY20 as compared Rs 3,143.70 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a fall of 56.96% in its net profit at Rs 47.62 crore for the quarter under review as compared to Rs 110.63 crore for the same quarter in the previous year .Total income of the company decreased by 2.91% at Rs 3,272.84 crore for Q1FY20 as compared Rs 3,370.83 crore for the corresponding quarter previous year.

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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