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Jayaswal Neco Industries Ltd Q4FY24; 61% fall 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:

Jayaswal Neco Industries Ltd reported Revenues for Q4FY24 of ₹1,411.43 Crores down from ₹1,469.29 Crore year on year, a fall of 3.94%.

Total Expenses for Q4FY24 of ₹1,388.07 Crores down from ₹1,459.86 Crores year on year, a fall of 4.92%.

Consolidated Net Profit of ₹2.03 Crores down 60.96% from ₹5.20 Crores in the same quarter of the previous year.

The Earnings per Share is ₹0.02, down 60.00% from ₹0.05 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.

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