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Jindal Saw reports 74% fall in Q2 consolidated net profit

10 Nov 2020 Evaluate

Jindal Saw has reported results for second quarter ended September 30, 2020.

The company has reported 75.47% fall in its net profit of Rs 74.44 crore for the quarter under review as against net profit of Rs 303.45 crore for the same quarter in the previous year. Total income of the company decreased 15.77% at Rs 2020.80 crore for Q2FY21 as compared Rs 2399.03 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported 74.02% fall in its net profit attributable to owners at Rs 78.20 crore for the quarter under review as against net profit of Rs 301.03 crore for the same quarter in the previous year. Total income of the company decreased by 9.79% at Rs 2445.69 crore for Q2FY21 as compared Rs 2710.97 crore for the corresponding quarter previous year.

Peers
Company Name CMP
JSW Steel 1268.00
Tata Steel 184.75
Steel Authority 180.00
Jindal Stainless 750.90
APL Apollo Tubes 2270.65
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