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Jindal Stainless Ltd Q2FY24; 120% 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 Q2FY24 of ₹9,797.00 Crores up from ₹8,751.00 Crore year on year, a rise of 11.95%.
  • Total Expenses for Q2FY24 of ₹8,944.00 Crores up from ₹8,335.00 Crores year on year, a rise of 7.31%.
  • Consolidated Net Profit of ₹764.00 Crores up 120.17% from ₹347.00 Crores in the same quarter of the previous year.
  • The Earnings per Share is ₹9.40, up 39.88% from ₹6.72 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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