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JSPL Standalone reports PAT of Rs. 97 Cr in Q3

Posted On: 2020-01-18 18:37:38

JSPL Standalone 3QFY20 Performance (YoY):

- Turnover : Rs. 6,640 Cr;
- EBITDA: Rs. 1,352 Cr;
- EBITDA Margin: 20%
- Steel and related products production : 1.61 million tonnes up 22% YoY
- Steel and related products sales : 1.67 million tonnes up 31% YoY
- Crude Steel production: 1.53 million tonnes up 25% YoY
- Crude Steel sales:1.61 million tonnes up 34% YoY

JSPL Consolidated 3QFY20 Performance (YoY):

- Turnover : Rs. 9,300 Cr;
- EBITDA : Rs. 1,820 Cr;
- EBITDA Margin: 20%
- EBITDA - Oman : US$ 33 mn
- Crude Steel Production: 2.03 million tonnes; up 21% YoY
- Crude Steel Sales: 2.18 million tonnes; down 32% YoY

JPL 3QFY20 Performance (YoY):

- Turnover : Rs.784 Cr
- EBITDA : Rs. 257 Cr
- EBITDA Margin: 33 %
- Power Generation: 1,900 MU

The Quarter ended December'19 marked new highs in Steel production & sales for JSPL. In a quarter where pricing was steeply down in October followed by demand-led recovery towards the latter part of the quarter, the Company was able to market & sell unprecedented volumes.

JSPL Standalone reported a rise in production of 22% YoY for Steel & related products to 1.61 million tonnes (1.32 million tonnes in 3QFY19) and sales during 3QFY19 of 1.67 million tonnes (up 31% YoY). Crude Steel production in Standalone rose to 1.53 million tonnes (up 25% YoY) while sales were at 1.61 million tonnes (up 34% YoY).

In market where steel prices remained muted for a substantial part of the quarter, the revenues for JSPL Standalone came in at Rs. 6,640Cr. Despite a steep fall in prices beginning of the quarter, the Company was able to offset it partially through raw material cost savings and improving efficiencies, on back of higher production. JSPL Standalone reported EBITDA at Rs. 1,352 Cr.

During 3QFY20, production of pellets was 1.79 million tonnes. The company achieved a rise of 13% YoY in external sales of pellets and sold 0.65 MT during 3QFY20.

JSPL, on a consolidated level, produced 2.11 million tonnes of steel & related products (up 19% from 1.77 million tonnes in 3QFY19) and sold 2.24 million tonnes of steel & related products (up 30% from 1.73 million tonnes in 3QFY19).

In terms of crude steel, for the consolidated entity, the company produced 2.03 million tonnes of crude steel on the consolidated level (up 21% from 1.68 million tonnes in 3QFY19) and sold 2.18 million tonnes of crude steel (Up 32% from 1.65 million tonnes in 3QFY19).

JSPL reported Consolidated Revenues of Rs. 9,300 Cr & Consolidated EBITDA of Rs.1,820 Cr. Net Debt for the quarter ending December'2019 was reported at Rs. 35,457 Cr (reduction of Rs.1,150 Cr QoQ).

Shares of JINDAL STEEL & POWER LTD. was last trading in BSE at Rs.176 as compared to the previous close of Rs. 179. The total number of shares traded during the day was 538765 in over 3675 trades.

The stock hit an intraday high of Rs. 180.85 and intraday low of 175.9. The net turnover during the day was Rs. 96264142.


Source: Equity Bulls

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