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Jindal Stainless reports 21% rise in Q3 consolidated net profit

12 Feb 2020 Evaluate

Jindal Stainless has reported results for third quarter ended December 31, 2019.

The company has reported a rise of 7.18% in its net profit at Rs 56.11 crore for the quarter under review as compared to Rs 52.35 crore for the same quarter in the previous year. Total income of the company marginally increased by 1.72% at Rs 3187.32 crore for Q3FY20 as compared Rs 3133.55 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a rise of 21.33% in its net profit attributed to the owners of the parent at Rs 51.81 crore for the quarter under review as compared to Rs 42.70 crore for the same quarter in the previous year. However, total income of the company marginally decreased by 0.12% at Rs 3311.34 crore for Q3FY20 as compared Rs 3315.30 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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