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Jindal Stainless reports 32% fall in Q3 consolidated net profit

23 Jan 2023 Evaluate

Jindal Stainless has reported results for third quarter ended December 31, 2022.

The company has reported fall of 5.54% in its net profit at Rs 351.22 crore for Q3FY23 as compared to Rs 371.82 crore for the corresponding quarter previous year. However, total income of the company increased by 16.02% to Rs 6,242.91 crore for the quarter under review as compared to Rs 5380.83 crore for the same quarter in the previous year.

On the consolidated basis, the company has reported fall of 32.42% in its net profit at Rs 298.56 crore for Q3FY23 as compared to Rs 441.78 crore for the same quarter in the previous year. However, total income of the company increased by 12.13% to Rs 6371.79 crore for the quarter under review as compared to Rs 5682.37 crore for the same quarter in the 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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