Q4 results impact: Jindal Stainless, Jindal Saw shares rally up to 13%

Shares of Jindal Stainless and Jindal Saw rallied up to 13% in Thursday’s trade on BSE after the firms reported their Q4 results. Jindal Stainless reported a 13% year-on-year (YoY) decline in consolidated net profit at Rs 765.8 crore for the fourth quarter ended March 31, 2023, due to higher expenses. In the corresponding quarter last year, the company posted a net profit of Rs 878 crore. In the March quarter, total revenue stood at