Jindal Stainless (Hisar) Share Price

Iron & steel products manufacturer Jindal Stainless (Hisar) announced Q3FY23 results: Standalone proforma merged (JSL + JSHL) Q3FY23: Revenue at Rs 9,073 crore, up by 5% QoQ EBITDA at Rs 951 crore, up by 37% QoQ PAT at Rs 568 crore, up by 58% QoQ Net lenders' debt at Rs 2,824 crore Net debt-to-equity ratio at ~0.3 for the combined entity Standalone of JSL Q3FY23: Revenue at Rs 6,221 crore EBITDA at Rs 622 crore PAT at Rs 351 crore Sales volume at 3,30,427 metric tonnes Standalone JSHL Q3FY23: Revenue at Rs 3,765 crore EBITDA at Rs 339 crore PAT at Rs 224 crore Sales volume at 1,74,188 metric tonnes Commenting on the performance of the Company, Managing Director, Jindal Stainless, Mr. Abhyuday Jindal said, “Agility and adaptability to changing market conditions lies at the core of sales and operations planning at Jindal Stainless. This strategy continued to serve us well in the last quarter and helped us align our sales mix with the domestic demand. We also undertook focused measures to fulfill our environmental responsibility, including the commitment to power future growth through renewable sources of energy only. On behalf of the Indian stainless steel industry, we are thankful to the Indian government for its decision to revoke the export duty levied on stainless steel products. This move will give a thrust to the government’s Local to Global mandate. We are hopeful that the government will take necessary steps to address the trade imbalance between Indian and China and other FTA countries like Indonesia caused due to dumping of subsidised and duty-free imports.” Result PDF

• Trendlyne
• 3 years 5 months ago

Iron & steel manufacturer Jindal Stainless (Hisar) announced Q2FY23 results: Standalone Q2FY23: Revenue at Rs.3,448 crores; up by 1% YoY EBITDA at Rs.295 crores; down by 41% YoY PAT at Rs.181 crore; down by 46% YoY Sales volume registered at 183,421 metric tonnes Net lenders’ debt reduced to Rs.952 crore Net debt-to-equity ratio improved to ~0.2 Consolidated Q2FY23: Revenue stood at Rs.3,926 crore; up by 5% YoY EBITDA at Rs.323 crore; down by 43% YoY PAT at Rs.253 crore; down by 49% YoY Commenting on the performance of the Company, Managing Director, JSHL, Mr Abhyuday Jindal said, “The Indian stainless steel industry has suffered a setback due to the export duty levied by the Indian government. This duty comes at a time when the domestic market is being dumped with substandard stainless steel imports from China and Indonesia. We have made several presentations to the government and are hopeful of remedial actions to support the struggling domestic industry. However, with an agile market strategy and an efficient alignment of our sales mix, JSHL continued to deliver strong volumes in the domestic market. We are cognizant of our environmental responsibility and are committed to helping the nation prepare for a sustainable future.” Result PDF

• Trendlyne
• 3 years 7 months ago

Jindal Stainless (Hisar) Announced Q1FY23 Result : Consolidated performance: Revenue stood at INR 3,454 crore, up by 24% YoY EBITDA at INR 337 crore; down by 18% YoY PAT at INR 308 crore; down by 14% YoY Standalone performance Revenue at INR 3,071 crore, up by 22% YoY EBITDA at INR 316 crore, down by 17% YoY PAT at INR 195 crore, down by 19% YoY Sales volume registered at 132,172 metric tonnes Net lenders debt stood at INR 1,373 crore Debt-to-equity ratio reduced to ~0.4 Commenting on the performance of the Company, Managing Director, JSHL, Mr Abhyuday Jindal said, “Q1FY23 posed various unforeseen macro-economic challenges that impacted the overall sales volumes for the Indian stainless steel industry. The imposition of a 15% export duty by the Indian government further aggravated the domestic market which is marred by unwarranted imports. Despite the challenges, JSHL catered to the demand from key sectors in the country. Simultaneously, JSHL is developing new stainless steel specialty grades and finishes to serve a wide array of critical applications. Going forward, we will implement various green energy projects including the installation of a Green Hydrogen plant at our manufacturing facility.” Result PDF

• Trendlyne
• 3 years 10 months ago