Jai Balaji Industries inches up on reporting over 8-fold jump in Q3 net profit
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Jai Balaji Industries is currently trading at Rs.989.00, up by 0.35 points or 0.04% from its previous closing of Rs. 988.65 on the BSE.
The scrip opened at Rs. 1024.00 and has touched a high and low of Rs. 1024.00 and Rs. 989.15 respectively. So far 16285 shares were traded on the counter.
The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 1,024.00 on 16-Jan-2024 and a 52 week low of Rs. 42.00 on 28-Mar-2023.
Last one week high and low of the scrip stood at Rs. 1024.00 and Rs. 844.20 respectively. The current market cap of the company is Rs. 16269.66 crore.
The promoters holding in the company stood at 60.02%, while Institutions and Non-Institutions held 2.57% and 37.41% respectively.
Jai Balaji Industries has reported over 8-fold jump in net profit at Rs 234.60 crore for third quarter ended December 31, 2023 as compared to Rs 27.91 crore for the same quarter in the previous year. Total income of the company increased by 1.50% at Rs 1,562.43 crore for Q3FY24 as compared Rs 1,539.40 crore for corresponding quarter of the previous year.
Jai Balaji Industries (JBIL) is engaged in the manufacturing of sponge iron, pig iron, reinforcement steel TMT bars, alloy and mild steel ingots and wire rods; and carbon, alloy, and mild steel heavy rounds.
