Iron & Steel Products company Jindal Stainless announced Q4FY24 & FY24 results: Q4FY24 Financial Highlights: Standalone performance: Sales volume at 5,70,362 tonnes, up by 12% YoY Net revenue at Rs 9,521 crore, nearly the same as previous year EBITDA at Rs 827 crore, down by 25% YoY PAT at Rs 476 crore, down by 28% YoY Net debt at Rs 2,418 crore Net debt-to-equity ratio at ~0.18 Consolidated performance: Net revenue at Rs 9,454 crore EBITDA at Rs 1,035 crore, down by 10% YoY PAT at Rs 501 crore, down by 30% YoY FY24 Financial Highlights: Standalone performance: Sales volume at 21,74,610 tonnes, up by 23% YoY Net revenue at Rs 38,356 crore, up by 9% YoY EBITDA at Rs 4,036 crore, up by 13% YoY PAT at Rs 2,531 crore, up by 26% YoY Consolidated performance: Net revenue at Rs 38,562 crore, up by 8% YoY EBITDA at Rs 4,704 crore, up by 31% YoY PAT at Rs 2,693 crore, up by 29% YoY Commenting on the performance of the company, Managing Director, Jindal Stainless, Abhyuday Jindal, said, “The last financial year has been an encouraging one. Riding strong on the Indian growth story, we have met our growth projections, and have recently added a new chapter to our expansion plans. This growth is underpinned by a sharp focus on operational efficiency, digitalization programs, people empowerment initiatives, market development, and customer satisfaction strategies. We continue to remain bullish on the Indian market while aiming to maintain our leadership position and ensuring sustainability in sourcing, processes, and products.” Result PDF