Jindal Steel & Power surges on reporting over 3- fold jump in Q3 consolidated net profit
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Jindal Steel & Power is currently trading at Rs. 756.05, up by 13.75 points or 1.85% from its previous closing of Rs. 742.30 on the BSE.
The scrip opened at Rs. 747.75 and has touched a high and low of Rs. 760.20 and Rs. 746.90 respectively. So far 44132 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 769.95 on 01-Feb-2024 and a 52 week low of Rs. 503.00 on 25-May-2023.
Last one week high and low of the scrip stood at Rs. 769.95 and Rs. 714.85 respectively. The current market cap of the company is Rs. 77052.35 crore.
The promoters holding in the company stood at 61.20%, while Institutions and Non-Institutions held 27.07% and 11.73% respectively.
Jindal Steel & Power has reported results for third quarter ended December 31, 2023 (Q3FY24).
The company has reported net profit at Rs 1483.68 crore for the third quarter ended December 31, 2023 as compared to net loss of Rs 4512.27 crore for the same quarter in the previous year. However, total income of the company decreased by 2.50% at Rs 11545.44 crore for Q3FY24 as compared Rs 11841.91 crore for corresponding quarter of the previous year.
On consolidated basis, the company reported over 3- fold jump in its net profit at Rs 1927.99 crore for Q3FY24 as compared to Rs 518.27 crore for the same quarter in the previous year. However, total income of the company decreased by 5.88% at Rs 11736.40 crore for Q3FY24 as compared Rs 12469.50 crore for corresponding quarter of the previous year.
