Jindal SAW shines on reporting 2- fold jump in Q4 consolidated net profit
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Jindal Saw is currently trading at Rs. 187.30, up by 12.65 points or 7.24% from its previous closing of Rs. 174.65 on the BSE.
The scrip opened at Rs. 182.00 and has touched a high and low of Rs. 198.25 and Rs. 182.00 respectively. So far 731617 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 198.25 on 18-May-2023 and a 52 week low of Rs. 75.10 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 198.25 and Rs. 169.25 respectively. The current market cap of the company is Rs. 6036.96 crore.
The promoters holding in the company stood at 63.25%, while Institutions and Non-Institutions held 16.14% and 20.61% respectively.
Jindal SAW has reported results for fourth quarter (Q4) and year ended March 31, 2023.
The company has reported 3- fold jump in net profit at Rs 354.59 crore for the quarter under review as compared to Rs 114.94 crore for the same quarter in the previous year. Total income of the company increased by 39.81% at Rs 4676.23 crore for Q4FY23 as compared to Rs 3344.71 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 2- fold jump in its net profit at Rs 294.19 crore for fourth quarter ended March 31, 2023 as compared to Rs 121.84 crore for the same quarter in the previous year. Total income of the company increased by 31.29% at Rs 5266.84 crore for Q4FY23 as compared to Rs 4011.66 crore for the corresponding quarter previous year.
For the year ended March 31, 2023, the company has reported 74.93% rise in its net profit at Rs 709.32 crore as compared to Rs 405.49 crore for the previous year. Total income of the company increased by 39.66% at Rs 15703.05 crore for year under review as compared to Rs 11243.40 crore for year ended March 31, 2022.
For the year ended March 31, 2023, on the consolidated basis, the company has reported 17.79% rise in its net profit at Rs 442.76 crore as compared to Rs 375.88 crore for the previous year. Total income of the company increased by 34.16% at Rs 18046.36 crore for year under review as compared to Rs 13450.97 crore for year ended March 31, 2022.
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