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Jindal Steel & Power reports 21% fall in Q1 consolidated net profit

16 Jul 2022 Evaluate

Jindal Steel & Power has reported results for first quarter ended June 30, 2022.

The company has reported 2- fold jump in its net profit at Rs 6623.08 crore for the quarter under review as compared to Rs 2660.73 crore for the same quarter in the previous year. Total income of the company increased by 23.56% at Rs 12869.35 crore for Q1FY23 as compared Rs 10415.21 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a fall of 20.88% in its net profit at Rs 1990.04 crore for the quarter under review as compared to Rs 2515.17 crore for the same quarter in the previous year. However, total income of the company increased by 22.79% at Rs 13069.17 crore for Q1FY23 as compared Rs 10643.17 crore for the corresponding quarter previous year.

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