Jindal Steel reports 272% rise in Q3 net profit on price hikes
Thu, Feb 1, 2024 12:43 PM

Jindal Steel reports 272% rise in Q3 net profit on price hikes

A Flip by Shubhangi Gupta
Get it on Google Play
Jindal Steel & Power (JSPL) reported a 272% increase in consolidated net profit for Q3 of FY24, compared to last year. This was due to price hikes and improved demand in the domestic market. However, net revenue declined by 5.9% due to lower volumes. On a sequential basis, revenue fell by 4%, but net profit increased by 38.7%.

More great flips

BSE cracks down on SME IPO, Solar91 issue postponed one day before opening

BSE cracks down on SME IPO, Solar91 issue postponed one day before opening

BSE postponed the SME IPO of Solar91 Cleantech following social media concerns about a rapid valuation increase and regulatory changes by SEBI regarding IPO proceeds usage. The offering, originally scheduled to open on Tuesday, was delayed pending further investigation into the raised queries. Last month, Sebi forced C2C Advanced Systems to defer its SME IPO.

Open Flip
Indian mutual fund industry set for multi-fold growth in 2025

Indian mutual fund industry set for multi-fold growth in 2025

The Indian mutual fund industry, which has witnessed a 135 per cent surge in net inflows and nearly 39 per cent growth in net AUM (Assets under Management) over the last year, is likely to experience a multi-fold growth in the coming year, with India being a bright spot in the global economy, said ICRA Analytics’ recent report.

Open Flip
International Gemmological Institute shares extend gain on Day 2 of listing

International Gemmological Institute shares extend gain on Day 2 of listing

International Gemmological Institute share price gained over 8 percent in December 23 trade after listing at 22% premium in the previous trading session on December 20. International Gemmological Institute stock jumped to a high of Rs 510.35 per share on the BSE intraday, jumping 8.55 percent. At around 10:15 AM, it quoted at Rs 493.65 apiece, rising 5 percent.

Open Flip

Join our Smart Investment Community

More than 2 Million users are using FlipItMoney to stay updated about the business and finance world! Join FlipItMoney now and take smart investment decisions!
Icon