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ICICI Direct Report
Jindal Stainless Ltd. is India’s largest stainless steel manufacturer.
The company operates an integrated stainless steel plant at Jajpur, Odisha. The complex has a total stainless steel capacity of 1.1 million tonnes per annum.
Jindal Stainless reported a healthy performance in Q1 FY22.
During Q1 FY22, the company reported a consolidated topline of Rs 4,033 crore, up 3% QoQ and 193% YoY.
Consolidated Ebitda for the quarter was at Rs 601 crore, up 11% QoQ, 839% YoY.
Consolidated profit after tax for the quarter was at Rs 306 crore, up 5% QoQ.
The company’s standalone operations Ebidta/tonne for Q1 FY22 were at Rs 24378/tonne.
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