Jindal Stainless Q4 net profit drops 29%

The company's standalone net profit was Rs 161.12 crore in the January-March quarter of the previous fiscal, 2016-17, JSL said in a BSE filing.

April 25, 2018 / 06:48 PM IST
We are in the last phase of the September quarter earnings season, and the results announced by the BSE 500 companies so far have shown signs of a sharp recovery, as compared to the June quarter, when the economic activity in the country was compromised due to lockdown in various regions. From the BSE 500 list, 216 companies have announced their September quarter results so far. We excluded banking and financial companies.  Along with the index stocks we also analyse each sector quarterly earnings. (Data Source: ACE Equity)

We are in the last phase of the September quarter earnings season, and the results announced by the BSE 500 companies so far have shown signs of a sharp recovery, as compared to the June quarter, when the economic activity in the country was compromised due to lockdown in various regions. From the BSE 500 list, 216 companies have announced their September quarter results so far. We excluded banking and financial companies.  Along with the index stocks we also analyse each sector quarterly earnings. (Data Source: ACE Equity)

 
 
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Jindal Stainless Ltd (JSL) today reported 28.7 percent decline in standalone net profit to Rs 114.74 crore for the March quarter on the back of higher expenses.

The company's standalone net profit was Rs 161.12 crore in the January-March quarter of the previous fiscal, 2016-17, JSL said in a BSE filing.

Its total income during the quarter under review grew to Rs 3,183.3 crore, from Rs 2,481.41 crore in the year-ago-period.

JSL's total expenses increased to Rs 2,983.62 crore, over Rs 2,267.03 crore a year ago.

However, JSL's net profit for 2017-18 registered five-fold jump to Rs 318.27 crore over Rs 58.34 crore in 2016-17.
PTI
first published: Apr 25, 2018 06:45 pm

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