JSPL Q4 Review - Deleveraging Continues; Massive Expansion Announced: IDBI Capital
Operations inside a Jindal Steel and Power production plant (Photographer: Udit Kulshrestha/Bloomberg)

JSPL Q4 Review - Deleveraging Continues; Massive Expansion Announced: IDBI Capital


BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

IDBI Capital Report

Jindal Steel & Power Ltd.'s Q4 FY21 profitability was a beat.

It reported highest ever consolidated Ebitda of Rs 53 billion (up 153% YoY) mainly driven by higher realizations and operating efficiencies.

Its net debt fell by Rs 35 billion QoQ to Rs 138 billion.

Importantly, the company announced its intention to double its steel capacity at Angul from 6 million tonne per annum to 12 mtpa which would take the company’s total capacity to 16 mtpa with a capex of Rs 180 billion by FY25.

Click on the attachment to read the full report:

IDBI Capital JSPL Q4FY21 Result Update.pdf


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