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Jindal Stainless reports over 2- fold jump in Q2 consolidated net profit

19 Oct 2023 Evaluate

Jindal Stainless has reported results for second quarter ended September 30, 2023 (Q2FY24). 

The company has reported 74.49% rise in its net profit at Rs 609.40 crore for the quarter under review as compared to Rs 349.24 crore for the same quarter in the previous year. Total income of the company increased by 13.67% at Rs 9754.21 crore for Q2FY24 as compared Rs 8581.44 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported over 2- fold jump in its net profit at Rs 764.03 crore for Q2FY24 as compared to Rs 347.02 crore for the same quarter in the previous year. Total income of the company increased by 11.99% at Rs 9828.97 crore for Q2FY24 as compared Rs 8776.61 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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