Jindal Stainless has reported results for fourth quarter (Q4) and year Ended March 31, 2023.

The company has reported 16.09% fall in Net Profit at Rs 659.15 Crore for the quarter under review as compared to Rs 785.55 crore for the same quarter in the previous year. Total income of the company marginally decreased by 1.48% at Rs 9476.60 crore for Q4FY23 as compared to Rs 9618.76 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported 19.96% fall in its net profit at Rs 716.29 crore for fourth quarter ended March 31, 2023 as compared to Rs 894.93 crore for the same quarter in the previous year. However, total income of the company increased by 0.52% at Rs 9803.01 crore for Q4FY23 as compared to Rs 9752.11 crore for the corresponding quarter previous year.

For the year ended March 31, 2023, the company has reported 27.81% fall in its net profit at Rs 2014.00 crore as compared to Rs 2789.97 crore for the previous year. However, total income of the company increased by 8.60% at Rs 35136.60 crore for year under review as compared to Rs 32355.43 crore for year ended March 31, 2022.

For the year ended March 31, 2023, on the consolidated basis, the company has reported 32.98% fall in its net profit at Rs 2083.83 crore as compared to Rs 3109.39 crore for the previous year. However, total income of the company increased by 9.20% at Rs 35823.32 crore for year under review as compared to Rs 32803.33 crore for year ended March 31, 2022.