{"id":156424,"date":"2023-11-20T04:55:44","date_gmt":"2023-11-20T09:55:44","guid":{"rendered":"https:\/\/44.250.171.167\/?p=156424"},"modified":"2023-11-20T04:55:45","modified_gmt":"2023-11-20T09:55:45","slug":"jayaswal-neco-industries-ltd-q2fy24-35-fall-in-profits","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/jayaswal-neco-industries-ltd-q2fy24-35-fall-in-profits\/","title":{"rendered":"Jayaswal Neco Industries Ltd Q2FY24; 35% fall in Profits"},"content":{"rendered":"<p>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 &amp; steel castings. The Company is engaged in the manufacturing and supply of billets, rolled products, pig iron &amp; skull, sponge iron, pellet, steel, and Iron &amp; steel castings.<\/p>\n<p>Financial Results:<\/p>\n<ul>\n<li>Jayaswal Neco Industries Ltd reported Revenues for Q2FY24 of \u20b91,501.00 Crores down from \u20b91,661.00 Crore year on year, a fall of 9.63%.<\/li>\n<li>Total Expenses for Q2FY24 of \u20b91,380.00 Crores down from \u20b91,730.00 Crores year on year, a fall of 20.23%.<\/li>\n<li>Consolidated Net Profit of \u20b992.00 Crores down 34.75% from \u20b9141.00 Crores in the same quarter of the previous year.<\/li>\n<li>The Earnings per Share is \u20b90.94, down 35.17% from \u20b91.45 in the same quarter of the previous year.<\/li>\n<\/ul>\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"839\" height=\"1024\" src=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/11\/image-248-839x1024.png\" alt=\"\" class=\"wp-image-156425\" srcset=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/11\/image-248-839x1024.png 839w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/11\/image-248-246x300.png 246w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/11\/image-248-768x937.png 768w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/11\/image-248-1259x1536.png 1259w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/11\/image-248.png 1489w\" sizes=\"auto, (max-width: 839px) 100vw, 839px\" \/><\/figure>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/11\/ASAI-Product-2-4.gif\" alt=\"\" class=\"wp-image-156241\" width=\"435\" height=\"161\"\/><\/figure><\/div>\n","protected":false},"excerpt":{"rendered":"<p>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 &amp; steel castings. The Company is engaged in the manufacturing and supply of billets, rolled products, pig iron &amp; skull, [&hellip;]<\/p>\n","protected":false},"author":1917,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[105,392],"tags":[9885],"class_list":["post-156424","post","type-post","status-publish","format-standard","hentry","category-infographics","category-earnings","tag-iron-and-steel"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":153924,"url":"https:\/\/alphastreet.com\/india\/jayaswal-neco-industries-ltd-q1fy24-22-rise-in-profits\/","url_meta":{"origin":156424,"position":0},"title":"Jayaswal Neco Industries Ltd Q1FY24; 22% rise in Profits","author":"Hardik Bhandare","date":"August 15, 2023","format":false,"excerpt":"Jayaswal Neco Industries Limited (JNIL) is the flagship company of NECO Group of Industries. 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