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Jindal Stainless surges on reporting around 3-fold jump in Q4 consolidated net profit
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Jindal Stainless is currently trading at Rs. 181.55, up by 1.80 points or 1.00% from its previous closing of Rs. 179.75 on the BSE.
The scrip opened at Rs. 189.00 and has touched a high and low of Rs. 190.95 and Rs. 179.40 respectively. So far 106302 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 224.60 on 08-Feb-2022 and a 52 week low of Rs. 87.45 on 04-May-2021.
Last one week high and low of the scrip stood at Rs. 191.75 and Rs. 175.50 respectively. The current market cap of the company is Rs. 9540.37 crore.
The promoters holding in the company stood at 69.87%, while Institutions and Non-Institutions held 21.41% and 8.55% respectively.
Jindal Stainless has reported around 3-fold jump in its net profit at Rs 668.58 crore for the quarter ended March 31, 2022 as compared to Rs 264.94 crore for the same quarter in the previous year. Total income of the company increased by 64.96% at Rs 6,304.39 crore for Q4FY22 as compared Rs 3,821.67 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported around 3-fold jump in its net profit at Rs 749.88 crore for the quarter ended March 31, 2022 as compared to Rs 292.61 crore for the same quarter in the previous year. Total income of the company increased by 67.66% at Rs 6,582.84 crore for Q4FY22 as compared Rs 3,926.30 crore for the corresponding quarter previous year.
For the year ended March 31, 2022, the company has reported around 4-fold jump in its net profit at Rs 1,674.45 crore as compared to Rs 427.92 crore for the previous year. Total income of the company increased by 73.75% at Rs 20,365.65 crore for year under review as compared to Rs 11,721.44 crore for year ended March 31, 2021.
For the year ended March 31, 2022, on the consolidated basis, the company has reported around 5-fold jump in its net profit at Rs 1,909.12 crore as compared to Rs 419.46 crore for the previous year. Total income of the company increased by 74% at Rs 21,279.22 crore for year under review as compared to Rs 12,229.36 crore for year ended March 31, 2021.
