MoneyWorks4Me

Jindal Stainless reports 8% rise in Q1 consolidated net profit

26 Jul 2022 Evaluate

Jindal Stainless has reported results for first quarter ended June 30, 2022.

The company has reported a rise of 5.64% in its net profit at Rs 286.74 crore for the quarter under review as compared to Rs 271.42 crore for the same quarter in the previous year. Total income of the company increased by 39% at Rs 5352.80 crore for Q1FY23 as compared Rs 3850.89 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported rise of 7.69% in its net profit at Rs 329.37 crore for the quarter under review as compared to Rs 305.84 crore for the same quarter in the previous year. Total income of the company increased by 35.84% at Rs 5490.91 crore for Q1FY23 as compared Rs 4042.32 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 732.40
APL Apollo Tubes 2119.90
View more..