Jayaswal Neco Industries Reports Q3 FY24-25 Results Amidst Mixed Financial Trends

Jan 23 2025 05:35 PM IST
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Jayaswal Neco Industries has reported its third-quarter financial results for FY24-25, showcasing its highest quarterly net sales in five quarters at Rs 1,656.84 crore. However, the company faces challenges, with a significant year-on-year decline in Profit Before Tax and a decrease in Profit After Tax.
Jayaswal Neco Industries has released its financial results for the third quarter of FY24-25, highlighting a complex landscape for the company. The recent evaluation changes reflect a slight adjustment in its score, moving to -11 from -19 over the past three months.

The company achieved its highest quarterly net sales in five quarters, totaling Rs 1,656.84 crore, suggesting a favorable near-term sales trend. However, the results also underscore significant challenges. The Profit Before Tax (PBT), excluding other income, has shown a notable decline of 54.66% year-on-year, amounting to Rs 49.33 crore. Similarly, the Profit After Tax (PAT) has decreased by 13.3% year-on-year, reaching Rs 76.93 crore. These trends indicate a challenging outlook for Jayaswal Neco Industries in the near term.

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