- 08 Feb 2022
- ICICIdirect Research
Jindal Stainless reports healthy operational performanceJSL - 291 Change: -1.90 (-0.65 %)
News: For Q3FY22, on a consolidated basis, Jindal Stainless (JSL) reported topline of Rs.5670 crore, up 58% YoY, 13% QoQ, higher than our estimate of Rs.5006 crore. Consolidated EBITDA for Q3FY22 was at Rs.797 crore, up 68% YoY, 7% QoQ, higher than our estimate of Rs.740 crore. Ensuing consolidated PAT for Q3FY22 was at Rs.442 crore, up 160% YoY, 7% QoQ, higher than our estimate of Rs.408 crore
Views: Jindal Stainless reported healthy numbers for Q3FY22 wherein consolidated topline, EBITDA and PAT came in higher than our estimate. For the quarter, it reported standalone sales volume of 247607 tonnes, up 1% YoY and 4% QoQ, marginally lower than our estimate of 250000. Standalone EBITDA/tonne for Q3FY22 was at Rs.29855/tonne (Rs.17745/tonne in Q3FY21 and Rs.27685/tonne in Q2FY22), higher than our estimate of Rs.28000/tonne.