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Jindal Stainless reports 63% fall in Q2 consolidated net profit

03 Nov 2022 Evaluate

Jindal Stainless has reported results for second quarter ended September 30, 2022.

The company has reported a fall of 47.82% in its net profit at Rs 189.21 crore for the quarter under review as compared to Rs 362.63 crore for the same quarter in the previous year. However, total income of the company increased by 13.05% at Rs 5459.76 crore for Q2FY23 as compared Rs 4829.54 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported fall of 63.11% in its net profit at Rs 151.84 crore for the quarter under review as compared to Rs 411.62 crore for the same quarter in the previous year. However, total income of the company increased by 11.52% at Rs 5621.97 crore for Q2FY23 as compared Rs 5041.26 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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