Jindal Stainless Limited Q2 Results 2023

Read this story to learn about Q2- highlights, performance, earnings, dividend updates, market performance, etc.,

Highlights of the Result

· Total revenue from operations increased by 12% YoY to reach ₹9,797.04 Cr · Net profit saw a massive surge of 120% YoY and stood at ₹764.03 Cr · EBITDA Margin rose 80% YoY and stood at ₹1,231 Cr

Performance Highlights

· Total Income rose to ₹9,828.97 Cr · An impressive 120% YoY increase in net profit · Domestic sales going up by 15% YoY

Dividend Announcement

The company’s Board of Directors approved the payment of an interim dividend at ₹1 per equity share (face value of ₹2 each) for the fiscal year.

Major Announcements

Jindal Stainless Limited’s board approved the proposal of exploring options to sell, liquidate, or divest equity stake in its subsidiary, PT Jindal Stainless, Indonesia

Source: Jindal Stainless Limited Report – Q2 Report, BSE