Friday , September 24 2021

Jindal Steel & Power soars on reporting many fold jump in Q1 consolidated net profit

Jindal Steel & Power is currently trading at Rs. 414.00, up by 13.25 points or 3.31% from its previous closing of Rs. 400.75 on the BSE.

The scrip opened at Rs. 404.00 and has touched a high and low of Rs. 419.00 and Rs. 404.00 respectively. So far 374663 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 501.60 on 10-May-2021 and a 52 week low of Rs. 159.70 on 22-Sep-2020.

Last one week high and low of the scrip stood at Rs. 428.90 and Rs. 396.35 respectively. The current market cap of the company is Rs. 40877.14 crore.

The promoters holding in the company stood at 60.47%, while Institutions and Non-Institutions held 25.77% and 13.76% respectively.

Jindal Steel & Power has reported 5- fold jump in its net profit at Rs 2660.73 crore for the quarter ended June 30, 2021 as compared to net profit of Rs 504.74 crore for the same quarter in the previous year. Total income of the company increased by 65.83% at Rs 10415.21 crore for Q1FY22 as compared Rs 6280.78 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported above 16- fold jump in its net profit attributable to owners at Rs 2543.27 crore for the quarter under review as compared to net profit of Rs 153.20 crore for the same quarter in the previous year. Total income of the company increased by 63.26% at Rs 10643.17 crore for Q1FY22 as compared Rs 6519.27 crore for the corresponding quarter previous year.

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