Iron & steel products manufacturer Jindal Stainless (Hisar) announced Q3FY23 results: Standalone proforma merged (JSL + JSHL) Q3FY23: Revenue at Rs 9,073 crore, up by 5% QoQ EBITDA at Rs 951 crore, up by 37% QoQ PAT at Rs 568 crore, up by 58% QoQ Net lenders' debt at Rs 2,824 crore Net debt-to-equity ratio at ~0.3 for the combined entity Standalone of JSL Q3FY23: Revenue at Rs 6,221 crore EBITDA at Rs 622 crore PAT at Rs 351 crore Sales volume at 3,30,427 metric tonnes Standalone JSHL Q3FY23: Revenue at Rs 3,765 crore EBITDA at Rs 339 crore PAT at Rs 224 crore Sales volume at 1,74,188 metric tonnes Commenting on the performance of the Company, Managing Director, Jindal Stainless, Mr. Abhyuday Jindal said, “Agility and adaptability to changing market conditions lies at the core of sales and operations planning at Jindal Stainless. This strategy continued to serve us well in the last quarter and helped us align our sales mix with the domestic demand. We also undertook focused measures to fulfill our environmental responsibility, including the commitment to power future growth through renewable sources of energy only. On behalf of the Indian stainless steel industry, we are thankful to the Indian government for its decision to revoke the export duty levied on stainless steel products. This move will give a thrust to the government’s Local to Global mandate. We are hopeful that the government will take necessary steps to address the trade imbalance between Indian and China and other FTA countries like Indonesia caused due to dumping of subsidised and duty-free imports.” Result PDF