Jindal Stainless Ltd. share price target

Jindal stainless (Hisar) Ltd (JSHL) reported healthy growth of 10% in net revenues to reach INR 2254 cr as company's volumes grew at 9% on yoy basis while sales per ton increased by 1% over...

Revenue stood at Rs30bn (+43% yoy/+15% qoq) and was better than our estimate. Both sales volume and realization remained strong. Sales volume rose by 38% yoy to 213kt while realization stood at Rs140,373/tonne vs our expectation of Rs135,000/tonne. Consequently, EBITDA increased by 13% yoy to Rs3.9bn (+50% qoq). EBITDA/tn stood at Rs18,106/tn (-18% yoy) due to higher base; lower Raw Material costs in Q3FY17....

Jindal Stainless (Hisar) (JSHL), an entity carved out of the erstwhile Jindal Stainless (JSL), is a leading player in the domestic stainless steel market.