Jindal Stainless Q4 Results: PAT declines 30% YoY to Rs 501 crore

economictimes.indiatimes.com:

Jindal Stainless on Wednesday reported a net profit of Rs 501 crore for the quarter ended March 31, 2024, 30% lower than the profit after tax (PAT) of Rs 716.29 crore reported by the company in the corresponding period of the last financial year.

The consolidated revenue from operations stood at Rs 9,454 crore for the quarter under review down from Rs 9,765 crore reported in the year-ago period. This translates into a 3.2% YoY decline.

The company's Board also recommended a final dividend of Rs 2 per equity share for the financial year ended March 31, 2024.

On a sequential basis, PAT was down by over 27% vs Rs 691 crore reported in Q3FY24. Meanwhile, revenue was up 3.6% against Rs 9,127 posted in Q3FY24.
For the full financial year, PAT was reported at Rs 2,693 crore s Rs 2,084 crore in FY23, a 29% jump on a YoY basis. As for the revenue in the said period, an 8% YoY uptick was reported at Rs 38,562.47 crore.