Jindal Stainless (Hisar) Announced Q1FY23 Result : Consolidated performance: Revenue stood at INR 3,454 crore, up by 24% YoY EBITDA at INR 337 crore; down by 18% YoY PAT at INR 308 crore; down by 14% YoY Standalone performance Revenue at INR 3,071 crore, up by 22% YoY EBITDA at INR 316 crore, down by 17% YoY PAT at INR 195 crore, down by 19% YoY Sales volume registered at 132,172 metric tonnes Net lenders debt stood at INR 1,373 crore Debt-to-equity ratio reduced to ~0.4 Commenting on the performance of the Company, Managing Director, JSHL, Mr Abhyuday Jindal said, “Q1FY23 posed various unforeseen macro-economic challenges that impacted the overall sales volumes for the Indian stainless steel industry. The imposition of a 15% export duty by the Indian government further aggravated the domestic market which is marred by unwarranted imports. Despite the challenges, JSHL catered to the demand from key sectors in the country. Simultaneously, JSHL is developing new stainless steel specialty grades and finishes to serve a wide array of critical applications. Going forward, we will implement various green energy projects including the installation of a Green Hydrogen plant at our manufacturing facility.” Result PDF