Jindal Steel & Power declines on reporting 21% fall in Q1 consolidated net profit
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Jindal Steel & Power is currently trading at Rs. 931.75, down by 40.30 points or 4.15% from its previous closing of Rs. 972.05 on the BSE.
The scrip opened at Rs. 950.50 and has touched a high and low of Rs. 954.80 and Rs. 919.55 respectively. So far 123283 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1097.10 on 21-Jun-2024 and a 52 week low of Rs. 581.90 on 01-Nov-2023.
Last one week high and low of the scrip stood at Rs. 988.00 and Rs. 919.55 respectively. The current market cap of the company is Rs. 94863.09 crore.
The promoters holding in the company stood at 61.19%, while Institutions and Non-Institutions held 27.97% and 10.84% respectively.
Jindal Steel & Power has reported results for first quarter ended June 30, 2024 (Q1FY25).
The company has reported 4.07% rise in its net profit at Rs 1456.54 crore for the quarter ended June 30, 2024 as compared to Rs 1399.52 crore for the same quarter in the previous year. Total income of the company increased by 4.39% at Rs 12865.35 crore for Q1FY25 as compared to Rs 12324.57 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 20.92% fall in net profit at Rs 1337.92 crore for Q1FY25 as compared to Rs 1691.80 crore for the same quarter in the previous year. However, total income of the company increased by 7.98% at Rs 13652.33 crore for Q1FY25 as compared to Rs 12,643.63 crore for the corresponding quarter previous year.
