Jayaswal Neco Industries Limited (JNIL) is the flagship company of NECO Group of Industries. Started in 1976 as a small-scale Iron Foundry unit, Jayaswal Neco Industries Limited (Foundry Division) is now a producer of Iron & steel castings. The Company is engaged in the manufacturing and supply of billets, rolled products, pig iron & skull, sponge iron, pellet, steel, and Iron & steel castings.
Financial Results:
- Jayaswal Neco Industries Ltd reported Revenues for Q1FY24 of ₹1,465.00 Crores down from ₹1,527.00 Crore year on year, a fall of 4.06%.
- Total Expenses for Q1FY24 of ₹1,427.00 Crores down from ₹1,497.00 Crores year on year, a fall of 4.68%.
- Consolidated Net Profit of ₹28.00 Crores up 21.74% from ₹23.00 Crores in the same quarter of the previous year.
- The Earnings per Share is ₹0.28, up 16.67% from ₹0.24 in the same quarter of the previous year.