Jindal Saw zooms on reporting many fold jump in Q3 consolidated net profit
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Jindal Saw is currently trading at Rs. 114.40, up by 4.50 points or 4.09% from its previous closing of Rs. 109.90 on the BSE.
The scrip opened at Rs. 116.90 and has touched a high and low of Rs. 121.75 and Rs. 112.20 respectively. So far 836492 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 121.75 on 27-Jan-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. 121.75 and Rs. 108.00 respectively. The current market cap of the company is Rs. 3661.18 crore.
The promoters holding in the company stood at 63.02%, while Institutions and Non-Institutions held 11.94% and 25.04% respectively.
Jindal Saw has reported results for third quarter ended December 31, 2022 (Q3FY23). The company has reported many fold jump in its net profit at Rs 265.53 crore for the quarter under review as compared to Rs 14.80 crore for the same quarter in the previous year. Total income of the company increased 62.80% at Rs 4640.85 crore for Q3FY23 as compared to Rs 2850.66 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported many fold jump in its net profit at Rs 143.23 crore for the quarter under review as compared to Rs 0.68 crore for the same quarter in the previous year. Total income of the company increased 48.26% at Rs 5202.18 crore for Q3FY23 as compared to Rs 3508.80 crore for the corresponding quarter previous year.
