Net profit of Jindal Stainless declined 21.05% to Rs 611.31 crore in the quarter ended September 2024 as against Rs 774.33 crore during the previous quarter ended September 2023. Sales declined 0.21% to Rs 9776.83 crore in the quarter ended September 2024 as against Rs 9797.04 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales9776.839797.04 0 OPM %12.1412.56 - PBDT1075.171114.27 -4 PBT834.27892.33 -7 NP611.31774.33 -21 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 will hold a meeting of the Board of Directors of the Company on 17 October 2024.Powered by Capital Market - Live

The company supplied 2.2 metric tonnes of JT stainless steel for each container, replacing the traditional carbon steel used in the sidewalls, end walls and roof. In addition, the underframes of containers are also made up of customised stainless steel tubes. These transitions have resulted in a weight reduction of approximately 500 kilograms per container, leading to increased cargo capacity, improved fuel efficiency, and reduced operational costs. Additionally, the containers benefit from enhanced safety and prolonged life owing to the superior impact and fire resistance of JT grade stainless steel. Jindal Stainless, managing director, Abhyuday Jindal, said, 'India's logistics sector, a cornerstone of its booming economy, faces a pressing need for sustainability. Stainless steel solutions in logistics and mobility offer a promising path towards a greener future. The use of JT grade stainless steel not only reduces the weight of containers, improving fuel efficiency, but also ensures a longer lifespan with minimal maintenance, making it a more sustainable solution with the least amount of carbon footprint. Being an inert metal, stainless steel does not react with the materials being transported, thereby ensuring zero contamination. This partnership with CJ Darcl is a part of a larger vision of creating sustainable, cost-effective solutions that benefit both the industry and the environment.' Jindal Stainless is one of the largest stainless steel manufacturers in India, with steel melting capacity of 2.9 MTPA (including 0.8 MTPA in Hisar and 2.2 MTPA in Jajpur). Jindal Stainless reported 13.1% decline in consolidated net profit to Rs 648.06 crore in Q1 FY25 as against Rs 745.81 crore posted in Q1 FY24. Revenue from operations fell 7.4% YoY to Rs 9,429.76 crore in the quarter ended 30 June 2024. The scrip rose 0.19% to Rs 781.90 on the BSE.Powered by Capital Market - Live

J Kumar Infraprojects Ltd, Kirloskar Pneumatic Company Ltd, Genus Power Infrastructures Ltd and Granules India Ltd are among the other losers in the BSE's 'A' group today, 02 September 2024.Jindal Stainless Ltd tumbled 6.30% to Rs 740.3 at 14:45 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 51616 shares were traded on the counter so far as against the average daily volumes of 47827 shares in the past one month.J Kumar Infraprojects Ltd crashed 5.41% to Rs 805.4. The stock was the second biggest loser in 'A' group.On the BSE, 30436 shares were traded on the counter so far as against the average daily volumes of 18070 shares in the past one month.Kirloskar Pneumatic Company Ltd lost 5.16% to Rs 1235.05. The stock was the third biggest loser in 'A' group.On the BSE, 10632 shares were traded on the counter so far as against the average daily volumes of 7172 shares in the past one month.Genus Power Infrastructures Ltd shed 4.99% to Rs 433.15. The stock was the fourth biggest loser in 'A' group.On the BSE, 2.33 lakh shares were traded on the counter so far as against the average daily volumes of 4.11 lakh shares in the past one month.Granules India Ltd dropped 4.98% to Rs 681.85. The stock was the fifth biggest loser in 'A' group.On the BSE, 59129 shares were traded on the counter so far as against the average daily volumes of 68376 shares in the past one month.Powered by Capital Market - Live

Jindal Stainless announced that the Annual General Meeting (AGM) of the company will be held on 10 September 2024.Powered by Capital Market - Live

Jindal Stainless announced that the Annual General Meeting (AGM) of the company will be held on 10 September 2024.Powered by Capital Market - Live

Jindal Stainless Ltd is up for a third straight session today. The stock is quoting at Rs 690, up 1.28% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.45% on the day, quoting at 24237.9. The Sensex is at 79322.94, down 0.41%. Jindal Stainless Ltd has slipped around 12.6% in last one month. Meanwhile, Nifty Metal index of which Jindal Stainless Ltd is a constituent, has slipped around 7.13% in last one month and is currently quoting at 9106.25, down 0.77% on the day. The volume in the stock stood at 5.64 lakh shares today, compared to the daily average of 10.67 lakh shares in last one month.The PE of the stock is 23.22 based on TTM earnings ending June 24.Powered by Capital Market - Live

Jindal Stainless has been accredited by BrahMos Aerospace as a qualified vendor for the manufacturing and supply of steel sheets and plates from its Hisar plant in Haryana. This approval comes after a stringent quality and credentials audit conducted by BrahMos to enlist Jindal Stainless, Hisar, as a supplier for its cruise missiles. This accreditation highlights Jindal Stainless' commitment to excellence and innovation in producing high-quality materials essential for national security. Jindal Stainless, Hisar, will manufacture and supply customised stainless steel and speciality low-alloy steel sheets and plates that meet the technical requirements of BrahMos Aerospace. Previously, Jindal Stainless has supplied materials for key projects under the DRDO and ISRO, including India's lunar mission Chandrayaan, PSLV, GSLV Mk3, nuclear submarine missile system, missile canisters for various missile programmes, and exhaust units in rockets. The company is dedicated to meeting the material requirements of upcoming missile programmes. Powered by Capital Market - Live

Jindal Stainless announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 26 August 2024 .Powered by Capital Market - Live