Jindal Saw jumps on reporting above 5- fold jump in Q4 consolidated net profit
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Jindal Saw is currently trading at Rs. 95.85, up by 1.30 points or 1.37% from its previous closing of Rs. 94.55 on the BSE.
The scrip opened at Rs. 97.30 and has touched a high and low of Rs. 98.45 and Rs. 95.15 respectively. So far 239402 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 98.55 on 26-May-2021 and a 52 week low of Rs. 45.50 on 29-May-2020.
Last one week high and low of the scrip stood at Rs. 98.55 and Rs. 90.25 respectively. The current market cap of the company is Rs. 3074.44 crore.
The promoters holding in the company stood at 63.02%, while Institutions and Non-Institutions held 10.71% and 26.26% respectively.
Jindal Saw has reported results for fourth quarter and year ended March 31, 2021.
The company has reported above 6- fold jump in its net profit at Rs 176.44 crore for the quarter under review as compared to Rs 25.77 crore for the same quarter in the previous year. Total income of the company increased by 27.12% at Rs 3,243.04 crore for Q4FY21 as compared Rs 2,551.12 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported above 5- fold jump in its net profit from continuing operations attributable to owners at Rs 184.10 crore for the quarter under review as compared to Rs 32.79 crore for the same quarter in the previous year. Total income of the company increased by 30.59% at Rs 3,831.10 crore for Q4FY21 as compared Rs 2,933.68 crore for the corresponding quarter previous year.
For the year ended March 31, 2021, the company has reported 44.65% fall in its net profit at Rs 329.05 crore as compared to Rs 594.46 crore for the previous year. Total income of the company decreased by 13.73% at Rs 8,909.80 crore for year under review as compared to Rs 10,327.44 crore for year ended March 31, 2020.
For the year ended March 31, 2021, on the consolidated basis, the company has reported 42.53% fall in its net profit from continuing operations attributable to owners at Rs 318.83 crore as compared to Rs 554.74 crore for the previous year. Total income of the company decreased by 7.36% at Rs 10,872.03 crore for year under review as compared to Rs 11,736.18 crore for year ended March 31, 2020.
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