Jindal Stainless Reports 35% Rise In Q3 Net Profit; Sales Grow 9% To 5.12 LT
Its net profit was at Rs 512.62 crore during the October-December period of the preceding 2022-23 fiscal, the company said in a regulatory filing.18-01-2024
18-01-2024
Jindal Stainless expects impact on exports in Q4 following continued slowdown in Europe, crisis in Red Sea
Full-year guidance of 20 per cent volume growth retained, export cut down at 12-13 per cent18-01-2024
JINDAL STAINLESS LTD. - 532508 - Announcement under Regulation 30 (LODR)-Investor Presentation
Earning presentation 3Q & 9MFY2418-01-2024
Q3FY24 Quarterly Result Announced for Jindal Stainless Ltd.
Iron & Steel/Intermediate Products company Jindal Stainless announced Q3FY24 results: Standalone Q3FY24: Sales Volume: 5,12,015 MT (up by 9% YoY) Net Revenue: Rs 9,088 crore (up by 1% YoY) EBITDA: Rs 1,021 crore (up by 8% YoY) PAT: Rs 779 crore (up by 41% YoY) Net Debt: Rs 3,085 crore Net Debt-to-Equity Ratio: ~0.23 Consolidated Q3FY24: Net Revenue: Rs 9,127 crore EBITDA: Rs 1,246 crore (up by 43% YoY) PAT: Rs 691 crore (up by 35% YoY) Operational Highlights Domestic Sales Volume: 88% in Q3FY24 (up from 87% in Q2FY24) Export Sales Volume: Discrepancy was observed due to an increase in the dumping of the 300 series from China and Vietnam. Key Developments and Strategic Movements Subsidiaries & Acquisitions Interim Dividend: Rs 200 crore received from JUSL (wholly-owned subsidiary). Rabirun Vinimay Private Limited: Acquired for Rs 96 crore to enter the pipe and tube segment. Credit Ratings Revised from AA-/Positive to AA/Stable for long-term facilities and reaffirmed at A1+ for short-term facilities. Plans and Investment PTJSI: Consent for liquidation given. Nickel Pig Iron Facility: Commissioning expected early in H1FY25. Iberjindal S L: In-principle approval for 100% stake acquisition. Research & Development Developed various stainless steel grades for niche applications such as missile components, anti-tank guided missiles, and marble cutting. Commenting on the performance of the company, Managing Director, Jindal Stainless, Abhyuday Jindal, said, “The quarter has been eventful, with our maiden COP28 presence where we shed light on our decarbonisation efforts as a responsible business. Despite a global slowdown in stainless steel markets, the domestic market has been witnessing steady growth. Given the promise that India holds for the near and far future, we are confident of meeting our volumes in the next quarter. We will continue to focus our energies on green manufacturing, operational excellence, business development, and nation–building.” Result PDF18-01-2024
JINDAL STAINLESS LTD. - 532508 - Announcement under Regulation 30 (LODR)-Diversification / Disinvestment
Diversification and disinvestment18-01-2024
JINDAL STAINLESS LTD. - 532508 - Compliances-Reg. 54 - Asset Cover details
Security cover certificate for the quarter ended 31st December, 202318-01-2024
JINDAL STAINLESS LTD. - 532508 - Announcement under Regulation 30 (LODR)-Change in Directorate
Re-appointment of Mr. Tarun Kumar Khulbe as WholeTime Director (DIN: 07302532) - designated as CEO & Wholetime Director18-01-2024
JINDAL STAINLESS LTD. - 532508 - Board Meeting Outcome for Outcome Of Board Meeting
Outcome of Board meeting18-01-2024
JINDAL STAINLESS LTD. - 532508 - Unaudited Standalone And Consolidated Financial Results Of The Company For The Quarter And Nine Months Ended 31St December, 2023.
Unaudited standalone and consolidated Financial results of the company for the quarter and nine months ended 31st December 202318-01-2024