Jindal Steel Q3 net profit drops 80% amid rising costs
pre-market1 source ↓written by the desknot a recommendation
- to ₹13
- 10.9%
- on the BSE
- 1.91% lower
Jindal Steel reported a net profit decline of 80% to ₹190 crore for Q3, down from ₹951 crore last year, impacted by higher costs and weak steel prices. Revenue increased by 10.9% to ₹13,026 crore, driven by higher production and sales volumes. Shares closed 1.91% lower on the BSE, reflecting market concerns.
Not investment advice. For informational purposes only.