Financial Results
- Sales volume registered at 188,178 tonnes, up by 25% over Q1FY22
- Revenue at INR 3,415 crore, up by 36% over Q1FY22
- EBITDA at INR 501 crore, up by 31% over Q1FY22
- PAT recorded at INR 338 crore vs INR 240 crore in Q1FY22, up by 41%
- Net Lenders’ debt stood at INR 1,359 crore
- Interest cost reduced by 69% YoY
- Revenue stood at INR 3,743 crore, up by 35% over Q1FY22
- EBITDA at INR 567 crore; up by 37% over Q1FY22
- PAT at INR 499 crore; up by 39% over Q1FY22
- On a consolidated basis, Q2FY22 PAT stood at INR 499 crore, while EBITDA was INR 567 crore and net revenue of the Company was INR 3,743 crore. JSHL continued its digitization initiatives. SAP Hybris, the customer-centric platform continued to see increased usage from all customer segments, enhancing the overall efficacy of the sales function. JSHL also initiated a SAP-enabled digital transport management system which is expected to bring about significant efficiency improvement in the overall supply chain through real-time exchange of information across the entire gamut of stakeholders and consequent reduction in turn-around time.
Commenting on the performance of the Company, Managing Director, JSHL, Mr Abhyuday Jindal, said, “Strong macro-economic fundamentals of the economy led to a quick recovery during the second quarter and strengthened market demand. Continuous rise in global commodity and energy prices is likely to maintain some uncertainty in the business environment. However, an overall increase in government spending along with further improvement in economic activity will support demand recovery. The capacity addition at SPD has boosted our volumes in the value-added segment for both domestic and export markets. Upsurge in subsidized imports from China and Indonesia is a cause of worry for the domestic stainless steel industry and we are seeking government intervention in this issue.”
