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Jayaswal Neco Industries Ltd Q3FY24; 56% rise in Profits

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:

Craftsman Automation Ltd reported Revenues for Q3FY24 of ₹1,130.00 Crores up from ₹749.00 Crore year on year, a rise of 50.87%.

Total Expenses for Q3FY24 of ₹1,024.00 Crores up from ₹675.00 Crores year on year, a rise of 51.7%.

Consolidated Net Profit of ₹81.00 Crores up 55.77% from ₹52.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹34.61, up 41.67% from ₹24.43 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

Tags: Industry
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