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Jindal Stainless turns black in Q1

27 Jul 2021 Evaluate

Jindal Stainless has reported results for first quarter ended June 30, 2021.

The company has reported net profit at Rs 271.42 crore for the quarter under review as compared to net loss of Rs 86.50 crore for the same quarter in the previous year. Total income of the company reported 3- fold jump at Rs 3850.89 crore for Q1FY22 as compared Rs 1271.25 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported net profit attributed to the owners at Rs 302.77 crore for the quarter under review as compared to net loss of Rs 121.78 crore for the same quarter in the previous year. Total income of the company reported 3- fold jump at Rs 4042.32 crore for Q1FY22 as compared Rs 1385.87 crore for the corresponding quarter previous year.

Peers
Company Name CMP
JSW Steel 1230.00
Tata Steel 179.10
Steel Authority 174.00
Jindal Stainless 729.00
APL Apollo Tubes 2119.90
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