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Jindal Stainless (Hisar) reports 49% fall in Q2 consolidated net profit

04 Nov 2022 Evaluate

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

The company has reported a fall of 46.47% in its net profit at Rs 180.69 crore for the quarter under review as compared to Rs 337.52 crore for the same quarter in the previous year. However, total income of the company marginally increased by 0.96% at Rs 3475.73 crore for Q2FY23 as compared Rs 3442.62 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported fall of 49.32% in its net profit at Rs 252.68 crore for the quarter under review as compared to Rs 498.58 crore for the same quarter in the previous year. However, total income of the company increased by 4.90% at Rs 3956.72 crore for Q2FY23 as compared Rs 3771.90 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
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