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Jindal Steel & Power reports 70% fall in Q4 consolidated net profit

17 May 2023 Evaluate

Jindal Steel & Power has reported results for fourth quarter (Q4) and year ended March 31, 2023.

The company has reported 34.11% fall in net profit at Rs 789.20 crore for the quarter under review as compared to Rs 1,197.68 crore for the same quarter in the previous year. Total income of the company decreased by 3.30% at Rs 13402.59 crore for Q4FY23 as compared to Rs 13859.30 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported 69.51% fall in its net profit at Rs  465.66 crore for fourth quarter ended March 31, 2023 as compared to Rs 1,527.04 crore for the same quarter in the previous year. Total income of the company decreased by 4.42% at Rs 13707.69 crore for Q4FY23 as compared to Rs 14341.91 crore for the corresponding quarter previous year.

For the year ended March 31, 2023, the company has reported 70.70% fall in its net profit at Rs 2426.83 crore as compared to Rs 8283.42 crore for the previous year. However, total income of the company increased by 3.42% at Rs 51228.99 crore for year under review as compared to Rs 49533.46 crore for year ended March 31, 2022.

For the year ended March 31, 2023, on the consolidated basis, the company has reported 61.29% fall in its net profit at Rs 3193.21 crore as compared to Rs 8248.31 crore for the previous year. However, total income of the company increased by 3.19% at Rs 52768.23 crore for year under review as compared to Rs 51135.92 crore for year ended March 31, 2022.

Jindal Steel Share Price

1269.50 45.65 (3.73%)
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