Jindal Saw declines on reporting 6% fall in Q3 consolidated net profit
Jindal Saw is currently trading at Rs. 231.00, down by 14.80 points or 6.02% from its previous closing of Rs. 245.80 on the BSE.
The scrip opened at Rs. 241.45 and has touched a high and low of Rs. 242.95 and Rs. 230.50 respectively. So far 34148 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 383.85 on 09-Oct-2024 and a 52 week low of Rs. 189.40 on 13-Mar-2024.
Last one week high and low of the scrip stood at Rs. 266.65 and Rs. 230.45 respectively. The current market cap of the company is Rs. 14807.81 crore.
The promoters holding in the company stood at 63.28%, while Institutions and Non-Institutions held 20.43% and 16.28% respectively.
Jindal Saw has reported 4.87% rise in its net profit at Rs 477.16 crore for third quarter ended December 31, 2024 as compared to Rs 455.02 crore for the same quarter in the previous year. However, total income of the company declined by 5.53% at Rs 4520.89 crore for Q3FY25 as compared to Rs 4785.32 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 6.45% decline in its net profit at Rs 479.38 crore for the quarter ended December 31, 2024, as compared to Rs 512.43 crore for the same quarter in the previous year. Total income of the company declined by 7.08% at Rs 5293.25 crore for Q3FY25 as compared to Rs 5696.39 crore for the corresponding quarter previous year.
