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Jindal Stainless reports 35% rise in Q3 consolidated net profit

18 Jan 2024 Evaluate

Jindal Stainless has reported results for third quarter ended December 31, 2023 (Q3FY24). 

The company has reported 41.18% rise in net profit at Rs 779.27 crore for the quarter ended December 31, 2023 as compared to Rs 551.98 crore for the same quarter in the previous year. Total income of the company increased by 3.17% at Rs 9,317.61 crore for Q3FY24 as compared Rs 9,031.03 crore for corresponding quarter of the previous year.

On consolidated basis, the company reported 34.84% rise in its net profit at Rs 691.22 crore for Q3FY24 as compared to Rs 512.62 crore for the same quarter in the previous year. Total income of the company increased by 0.72% at Rs 9,166.42 crore for Q3FY24 as compared Rs 9,101.24 crore for corresponding quarter of 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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