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Q4FY23 Quarterly & FY23 Annual Result Announced for Jindal Stainless Ltd.

Iron & Steel/Interm.Products firm Jindal Stainless announced Q4FY23 & FY23 results: Standalone Q4FY23: Sales Volume at 5,07,632 MT, up by 8% QoQ Net Revenue at Rs 9,444 crore, up by 5% QoQ EBITDA at Rs 1,097 crore, up by 16% QoQ PAT at Rs 659 crore, up by 19% QoQ Standalone FY23: Sales Volume at 17,64,405 MT Net Revenue at Rs 35,030 crore EBITDA at Rs 3,567 crore PAT at Rs 2,014 crore Net debt at Rs 2,591 crore Net debt-to-equity ratio at ~0.2 Commenting on the performance of the Company, Managing Director, Jindal Stainless, Mr Abhyuday Jindal said, “With the completion of the merger of JSHL into JSL, capacity expansion and diversification acquisition, the last financial year has been historic for Jindal Stainless. We’re also proud to be chosen for the pilot of the ‘Make in India’ branding of steel and stainless steel products for exports from the country. We are constantly working on being more agile and adaptable to dynamic market conditions and customer requirements, and I’m sure that this strategy will continue to serve us well in the future. As a responsible corporate committed to its ESG goals, we are making focussed efforts to reduce our carbon footprints and increase consumption of renewable energy. It is noteworthy that we achieved a reduction of nearly 2.4 lakh tons of carbon emissions in the last two financial years. ” Result PDF
17-05-2023
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