Jindal Stainless (Hisar) gains despite reporting 49% fall in Q2 consolidated net profit
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Jindal Stainless (Hisar) is currently trading at Rs. 303.50, up by 3.10 points or 1.03% from its previous closing of Rs. 300.40 on the BSE.
The scrip opened at Rs. 291.10 and has touched a high and low of Rs. 304.70 and Rs. 290.20 respectively. So far 20720 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 433.50 on 07-Feb-2022 and a 52 week low of Rs. 189.20 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 307.50 and Rs. 272.80 respectively. The current market cap of the company is Rs. 7076.86 crore.
The promoters holding in the company stood at 58.88%, while Institutions and Non-Institutions held 25.25% and 14.43% respectively.
Jindal Stainless (Hisar) has reported results for second quarter ended September 30, 2022.
The company has reported a fall of 46.47% in its net profit at Rs 180.69 crore for the quarter under review as compared to Rs 337.52 crore for the same quarter in the previous year. However, total income of the company marginally increased by 0.96% at Rs 3475.73 crore for Q2FY23 as compared Rs 3442.62 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported fall of 49.32% in its net profit at Rs 252.68 crore for the quarter under review as compared to Rs 498.58 crore for the same quarter in the previous year. However, total income of the company increased by 4.90% at Rs 3956.72 crore for Q2FY23 as compared Rs 3771.90 crore for the corresponding quarter previous year.
