IDBI Capital: Jindal Steel & Power - Strong Profitability, Deleveraging Continues
Sparks fly as employees cut a steel slab at Jindal Steel and Power plant in Raigarh, Chattisgarh. (Photographer: Udit Kulshrestha/Bloomberg)

IDBI Capital: Jindal Steel & Power - Strong Profitability, Deleveraging Continues


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IDBI Capital Report

Jindal Steel & Power Ltd. reported highest ever consolidated Ebitda of Rs 27 billion (up 78% YoY) driven by strong volume growth, higher realizations and operating efficiencies.

The company’s Oman operations are now classified as ‘Discontinued operations’. Hence, our Q2 FY21 estimates are not comparable to the reported results.

The company’s consolidated debt fell by Rs 70 billion to Rs 289 billion in H1 FY21 due to Oman divestment and prepayments from operating cash flows.

Click on the attachment to read the full report:

IDBI Capital Jindal Steel Q2FY21 Result Update.pdf


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