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Jindal Stainless Ltd Q1 FY24; 45% rise in Profits

Jindal Stainless Ltd is one of the largest manufacturers of Stainless Steel flat products, in Austenitic, Ferritic, Martensitic and Duplex grades in India used in a variety of industries like automobile, railways, construction, consumer goods etc.

Financial Results:

  • Jindal Stainless Ltd reported Revenues for Q1FY24 of ₹10,184.00 Crores up from ₹8,119.00 Crore year on year, a rise of 25.43%.
  • Total Expenses for Q1FY24 of ₹9,280.00 Crores up from ₹7,487.00 Crores year on year, a rise of 23.95%.
  • Consolidated Net Profit of ₹738.00 Crores up 45.28% from ₹508.00 Crores in the same quarter of the previous year.
  • The Earnings per Share is ₹9.06, down 4.43% from ₹9.48 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: Steel
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