- Jindal Stainless reported net income of 6.55 billion rupees for the third quarter.
- This net income represents a decrease of 5.3% compared to the previous year, but it surpassed the estimated 6.14 billion rupees.
- The company’s revenue for the quarter was 99.1 billion rupees, showing an increase of 8.5% year-over-year.
- Revenue also exceeded the estimated figure of 97.49 billion rupees.
- Total costs for the quarter amounted to 91.02 billion rupees, reflecting a 10% increase from the previous year.
- Jindal Stainless shares rose by 3.7%, closing at 637.70 rupees with 321,064 shares traded.
- Analyst activity on the company’s stock included 11 buy recommendations, with no holds or sells reported.
A look at Jindal Stainless Smart Scores
Factor | Score | Magnitude |
---|---|---|
Value | 3 | |
Dividend | 3 | |
Growth | 3 | |
Resilience | 3 | |
Momentum | 3 | |
OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Analyzing the Smartkarma Smart Scores for Jindal Stainless Ltd., the company appears to have a balanced long-term outlook across various key factors. With consistent scores of 3 in Value, Dividend, Growth, Resilience, and Momentum, Jindal Stainless demonstrates stability and moderate performance in these areas. This suggests that the company is positioned adequately in terms of its valuation, dividend payouts, growth potential, resilience to market challenges, and momentum in the industry.
Jindal Stainless Ltd. is an integrated steel producer known for manufacturing a range of steel products, including stainless steel plates, welded steel tubes, cold rolled strips, seamless tubes, and industrial machinery. The company’s overall Smart Scores indicate a steady outlook without any extreme highs or lows, reflecting a reliable and consistent performance across key metrics essential for long-term success in the steel industry.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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