Jindal Stainless Ltd

Jindal Stainless announced that Anurag Mantri, Executive Director & Group CFO (designated as Key Managerial Personnel and Senior Management Personnel) of the Company has tendered his resignation from the services of the Company to pursue new professional opportunities. Accordingly, he will cease to be the Executive Director & Group CFO of the Company w.e.f. close of business hours of 04 April 2025.Powered by Capital Market - Live

According to an exchange filing, the company stated that Mantri will cease to hold the positions of executive director and group CFO on 4 April 2025. Jindal Stainless is India's leading stainless-steel manufacturer. It had a consolidated annual turnover of Rs 38,562 crore (USD 4.7 billion) in FY24 and is ramping up its facilities to reach 4.2 million tonnes of annual melt capacity by FY27. The company has 16 stainless-steel manufacturing and processing facilities in India and abroad. Jindal Stainless reported a 5.4% decline in consolidated net profit to Rs 654.84 crore in Q3 FY25 as against Rs 692.33 crore posted in Q3 FY24. However, revenue from operations rose 8.5% YoY to Rs 9,907.30 crore in the quarter ended 31 December 2024. The scrip shed 0.31% to Rs 652.75 on the BSE. Powered by Capital Market - Live

Jindal Stainless announced that credit rating agency 'CareEdge Ratings' has reaffirmed the rating of Jindal Stainless for Long Term borrowings & Non-Convertible Debentures as 'CARE AA, Stable' and Short Term borrowings as 'CARE A1+'. Powered by Capital Market - Live

Jindal Stainless Ltd is up for a third straight session in a row. The stock is quoting at Rs 630.85, up 1.96% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.43% on the day, quoting at 22814. The Sensex is at 75373.53, down 0.48%. Jindal Stainless Ltd has dropped around 0.4% in last one month. Meanwhile, Nifty Metal index of which Jindal Stainless Ltd is a constituent, has dropped around 2.01% in last one month and is currently quoting at 8523, up 1.38% on the day. The volume in the stock stood at 5.13 lakh shares today, compared to the daily average of 8.75 lakh shares in last one month. The benchmark February futures contract for the stock is quoting at Rs 631.05, up 1.83% on the day. Jindal Stainless Ltd is down 1.79% in last one year as compared to a 2.69% spurt in NIFTY and a 7.08% spurt in the Nifty Metal index.The PE of the stock is 22.74 based on TTM earnings ending December 24.Powered by Capital Market - Live

Net profit of Jindal Stainless declined 5.42% to Rs 654.84 crore in the quarter ended December 2024 as against Rs 692.33 crore during the previous quarter ended December 2023. Sales rose 8.54% to Rs 9907.30 crore in the quarter ended December 2024 as against Rs 9127.45 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales9907.309127.45 9 OPM %12.0413.65 - PBDT1131.631152.36 -2 PBT890.00916.83 -3 NP654.84692.33 -5 Powered by Capital Market - Live

Jindal Stainless announced that the Board of Directors of the Company at its meeting held on 29 January 2025, inter alia, have recommended the interim dividend of Rs 1 per equity Share (i.e. 50%) , subject to the approval of the shareholders.Powered by Capital Market - Live

Jindal Stainless has fixed 08 February 2025 as record date for interim dividend of Re 1 per equity share for FY 2024-25. The dividend will be paid on or before 27 February 2025. Powered by Capital Market - Live

Jindal Stainless Ltd is up for a third straight session in a row. The stock is quoting at Rs 641.65, up 1.3% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.41% on the day, quoting at 23249.15. The Sensex is at 76649.46, up 0.32%. Jindal Stainless Ltd has dropped around 12.11% in last one month. Meanwhile, Nifty Metal index of which Jindal Stainless Ltd is a constituent, has dropped around 3.3% in last one month and is currently quoting at 8470.25, up 0.67% on the day. The volume in the stock stood at 3.52 lakh shares today, compared to the daily average of 8.21 lakh shares in last one month. The benchmark January futures contract for the stock is quoting at Rs 640, up 1.12% on the day. Jindal Stainless Ltd is up 16.98% in last one year as compared to a 8.37% spurt in NIFTY and a 10.61% spurt in the Nifty Metal index.The PE of the stock is 21.73 based on TTM earnings ending September 24.Powered by Capital Market - Live

Jindal Stainless will hold a meeting of the Board of Directors of the Company on 29 January 2025.Powered by Capital Market - Live

Jindal Stainless Ltd is up for a fifth straight session in a row. The stock is quoting at Rs 736.25, up 0.03% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is down around 0.03% on the day, quoting at 23805.25. The Sensex is at 78760.73, up 0.08%. Jindal Stainless Ltd has risen around 6.43% in last one month. Meanwhile, Nifty Metal index of which Jindal Stainless Ltd is a constituent, has risen around 4.75% in last one month and is currently quoting at 8720.7, down 0.24% on the day. The volume in the stock stood at 3.3 lakh shares today, compared to the daily average of 7.27 lakh shares in last one month. The benchmark January futures contract for the stock is quoting at Rs 740.5, down 0.14% on the day. Jindal Stainless Ltd is up 28.38% in last one year as compared to a 9.49% spurt in NIFTY and a 8.75% spurt in the Nifty Metal index.The PE of the stock is 25.27 based on TTM earnings ending September 24.Powered by Capital Market - Live