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Jindal Stainless reports 45% rise in Q1 consolidated net profit

27 Jul 2023 Evaluate

Jindal Stainless has reported results for first quarter ended June 30, 2023 (Q1FY24). 

Jindal Stainless has reported 46.75% rise in its net profit at Rs 665.66 crore for the quarter under review as compared to Rs 453.60 crore for the same quarter in the previous year. Total income of the company increased by 25.15% at Rs 10,071.65 crore for Q1FY24 as compared Rs 8,047.52 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported 45.22% rise in net profit at Rs 737.58 crore for the quarter ended June 30, 2023 as compared to Rs 507.89 crore for the same quarter in the previous year. Total income of the company increased by 25.60% at Rs 10,227.20 crore for Q1FY24 as compared Rs 8,142.45 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
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