Jindal Stainless Q1 Results Post Strategy: कंपनी से समझें क्यों नतीजों में मुनाफे में दिखा दवाब?

'Board Approves Rs 5000 Crore Fund Raise': Jindal Stainless ED & Group CFO Gives Insights

Highest-Ever Sales Recorded In Q1; Domestic Demand Remains Strong: Jindal Stainless | CNBC TV18

Jindal Stainless (JSL) considered using the breakbulk method for shipping due to high container costs and unavailability. The company aimed to export 10-15% this fiscal year, focusing on key markets like the US and Europe. JSL tested breakbulk shipments and received positive feedback, planning to expand its use in the coming quarter.

JSL to take ‘breakbulk’ route for exports amid Red Sea crisis

Jindal Stainless Ltd (JSL) on Tuesday posted 12 per cent fall in consolidated net profit to Rs 646.07 crore during June quarter, mainly on account of lower income. It had clocked Rs 737.58 crore net profit in the year-ago period, the company said in an exchange filing.

Jindal Stainless Q1 profit falls 12 pc to Rs 646 cr

In a statement, Jindal Stainless managing director Abhyuday Jindal said that it was an enabling resolution to “prepare for, among other things, organic and inorganic growth opportunities”

Jindal Stainless Q1FY25 results: Net profit down 13.11% to Rs 648.06 crore

Jindal Stainless consolidated net profit declines 13.11% in the June 2024 quarter

Here are the earnings estimates of major companies that are scheduled to announce their results on Tuesday.

Indian Oil, GAIL, Jindal Stainless, Torrent Power Q1 Results Today — Earnings Estimates

Jindal Stainless has urged the government to remove the customs duty on ferro nickel and molybdenum in the upcoming Budget to ensure the industry’s access to these critical raw materials at competitive prices.

Budget 2024: Jindal Stainless seeks zero customs duty on ferro nickel

Finance Minister Nirmala Sitharaman will table the full budget for FY25 in Parliament on Tuesday. The industry has also sought continuation of zero customs duty on stainless steel scrap, steel scrap and pure nickel, and the maintenance of the 30 per cent export duty on chrome ore, Jindal said.

Jindal Stainless seeks zero customs duty on ferro nickel, molybdenum

Bharat Bijlee Ltd, Aarti Pharmalabs Ltd, Jindal Stainless Ltd and Persistent Systems Ltd are among the other losers in the BSE’s ‘A’ group today, 19 July 2024.

Chennai Petroleum Corporation Ltd leads losers in ‘A’ group

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Financials growth has been moderate for a few years

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Jindal Saw Limited is engaged in manufacturing stainless steel. It's products include slabs, blooms, hot rolled (HR) coil, cold roll (CR) coil, plates, coin blanks, precision strips, blade steel and stainless steel plumbing.