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Jindal Steel & Power Ltd Q3FY24; 272% rise in Profits

Jindal Steel & Power Ltd is one of the India’s leading steel producers with significant presence in sectors like mining and power generation. The group has global presence through subsidiaries, mainly in Australia, Botswana, Indonesia, Mauritius, Mozambique, Madagascar, Namibia, South Africa, Tanzania and Zambia.

Financial Results:

Jindal Steel & Power Ltd reported Revenues for Q3FY24 of ₹11,701.00 Crores down from ₹12,452.00 Crore year on year, a fall of 6.03%.

Total Expenses for Q3FY24 of ₹9,810.00 Crores down from ₹11,029.00 Crores year on year, a fall of 11.05%.

Consolidated Net Profit of ₹1,928.00 Crores up 272.2% from ₹518.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹18.90, up 272.05% from ₹5.08 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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