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 Q2FY24 of ₹1,501.00 Crores down from ₹1,661.00 Crore year on year, a fall of 9.63%.
- Total Expenses for Q2FY24 of ₹1,380.00 Crores down from ₹1,730.00 Crores year on year, a fall of 20.23%.
- Consolidated Net Profit of ₹92.00 Crores down 34.75% from ₹141.00 Crores in the same quarter of the previous year.
- The Earnings per Share is ₹0.94, down 35.17% from ₹1.45 in the same quarter of the previous year.