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Business Economy


JSHL Q4 results: PAT up 38 per cent

New Delhi, May 5 (UNI) Jindal Stainless (Hisar) Limited (JSHL) on Thursday reported 38 per cent growth in its Profit After Tax (PAT) during Q4 of the financial year ending March 31, 2022, over the corresponding period last year.

On a consolidated basis, the company's Q4FY22 revenue, EBITDA and PAT stood at Rs 4,318 crore, Rs 605 crore and Rs 575 crore respectively, a statement from the company said.

Net external debt stood at Rs 1,605 crore as on March 31, 2022, with debt-to-equity ratio reduced to ~0.5. Interest cost reduced by 26% to Rs 31 crores for Q4FY22 as compared to CPLY.

Jindal Stainless Steelway Limited (JSSL), the service centre arm of JSHL, recorded a net revenue of Rs 659 crore during Q4FY22, a 24% hike on YoY basis, with an EBITDA of Rs 33 crore.

During Q4FY22, JSHL’s lifestyle subsidiary, JSL Lifestyle Limited’s net revenue, EBITDA and PAT were recorded at Rs 131 crores, Rs 14 crores and Rs 6 crore respectively over CPLY.

Commenting on the performance of the Company, Managing Director, JSHL, Abhyuday Jindal said, “JSHL continues to enhance customer satisfaction and establish long-term mutually beneficial relations through world-class products, transparent policies, and improved services. We are also committed to creating opportunities for increased usage of stainless steel in varied applications by developing new grades and specialty stainless steel products for critical applications. Going ahead, we will continue our efforts to harness renewable energy and set up an infrastructure to effectively reduce carbon emissions.”
UNI AKM SHK1915
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