Jindal Steel & Power profit rises in Q4 results, misses estimates

Jindal Steel and Power Ltd.'s profit rose in the fourth quarter of fiscal 2024, but missed analysts' estimates. The steel manufacturer's net profit surged 100.5% year-on-year to ₹933 crore in the quarter-ended March 2024, according to an exchange filing issued on Monday. This compares with the ₹1,133-crore consensus estimate of analysts polled by Bloomberg.