Jindal Steel Q3 net profit falls 80% despite revenue rise
after close1 source ↓written by the desknot a recommendation
- to ₹13
- 10.9%
Jindal Steel reported a net profit decline of 80% to ₹190 crore in Q3, down from ₹951 crore last year, impacted by weak steel prices and higher costs. Revenue increased 10.9% to ₹13,026 crore, driven by higher production and sales volume. The results fell short of the ₹526 crore analyst estimate, reflecting ongoing market challenges.
Not investment advice. For informational purposes only.