Results Earnings Call for Q1FY23 of Jindal Stainless Ltd (JSL)

Conference Call with Jindal Stainless Management and Analysts on Q1FY23 Performance and Outlook. Listen to the full earnings transcript.
28-07-2022

Jindal Stainless net profit rises 8% to Rs 329 crore in June quarter

The company had a net profit of Rs 305.84 crore in the same period of 2021-22, JSL said in regulatory filing.
25-07-2022
Bigul

Q1FY23 Quarterly Result Announced for Jindal Stainless Ltd.

Jindal Stainless Announced Q1FY23 results: Consolidated: Revenue stood at Rs 5,474 crore; up by 36% YoY EBITDA at Rs 549 crore; down by 9% YoY PAT at Rs 329 crore; up by 8% YoY Standalone: Revenue at Rs 5,336 crore; up by 39% YoY EBITDA at Rs 523 crore; down by 10% YoY PAT at Rs 287 crore; up by 6% YoY Sales volume registered at 235,530 metric tonnes Net lenders debt stood at Rs 2,098 crore Commenting on the Company’s performance, Managing Director, JSL, Mr Abhyuday Jindal said, “JSL’s focused approach on niche product development and an agile product mix helped the Company steer through an unprecedented and unsteady macro-economic challenges. The domestic stainless steel industry faced a double whammy during Q1FY23. On the domestic front, continued dumping of stainless steel imports from China and Indonesia led to unfair competition, while simultaneously exports were severely impacted due to a 15% duty imposition by the Indian Government. Despite these challenges, JSL successfully catered to an uplifted demand from key sectors like automotives and railways. Going forward, we are committed to developing a failsafe stainless steel ecosystem in the country by focusing on awareness, skill development, new product development, and identification of sustainable applications for stainless steel. Along with this, we are dedicatedly working towards achieving our ESG goals and transition to sustainable manufacturing.” Result PDF
25-07-2022
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