Jindal Stainless Hisar reports healthy performance in Q4FY22JSLHISAR - 563 Change: 21.75 (4.02 %)
News: For the quarter, Jindal Stainless (Hisar) (JSHL) standalone operations reported sales volume of 178784 tonnes, down 2% YoY & 3% QoQ, broadly in line with our estimate of 180000 tonne. Consolidated topline for the quarter stood at Rs4318 crore, up 39% YoY & 3% QoQ, higher than our estimate of Rs4032 crore. Consolidated EBITDA for the quarter stood at Rs605 crore, up 49%YoY & 6%QoQ, higher than our estimate of Rs572 crore. The ensuring consolidated PAT for the quarter stood at Rs575 crore, up 64%YoY & 12% QoQ, higher than our estimate of Rs518 crore.
Views: JSHL reported healthy performance for the quarter owing to new product development, quality improvement and capacity building for it's value added product portfolio. JSHL's standalone operations EBITDA/tonne came in at Rs30011/tonne as compared to Rs19952/tonne in Q4FY21 & Rs28259/tonne in Q3FY22, higher than our estimate of Rs29000/tonne.