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Jindal Stainless Ltd Q1FY22 consolidated PAT up at Rs. 302.77 crore



Posted On : 2021-07-26 23:25:30( TIMEZONE : IST )

Jindal Stainless Ltd Q1FY22 consolidated PAT up at Rs. 302.77 crore

JINDAL STAINLESS LTD. has reported financial results for the period ended June 30, 2021.

Financial Results (Q1 FY 2021-22) - QoQ Comparison

The company has reported total income of Rs.4042.32 crores during the period ended June 30, 2021 as compared to Rs.3926.30 crores during the period ended March 31, 2021.

The company has posted net profit / (loss) of Rs.302.77 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.289.19 crores for the period ended March 31, 2021.

The company has reported EPS of Rs.5.96 for the period ended June 30, 2021 as compared to Rs.5.87 for the period ended March 31, 2021.

FinancialsQ1 FY2021-22Q4 FY20-21% Change
Total Income₹ 4042.32 crs₹ 3926.30 crsUp Tick 2.95%
Net Profit₹ 302.77 crs₹ 289.19 crsUp Tick 4.7%
EPS₹ 5.96₹ 5.87Up Tick 1.53%

Financial Results (Q1 FY 2021-22) - YoY Comparison

The company has reported total income of Rs.4042.32 crores during the period ended June 30, 2021 as compared to Rs.1385.87 crores during the period ended June 30, 2020.

The company has posted net profit / (loss) of Rs.302.77 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.(121.78) crores for the period ended June 30, 2020.

The company has reported EPS of Rs.5.96 for the period ended June 30, 2021 as compared to Rs.(2.50) for the period ended June 30, 2020.

FinancialsQ1 FY2021-22Q1 FY2020-21% Change
Total Income₹ 4042.32 crs₹ 1385.87 crsUp Tick 191.68%
Net Profit₹ 302.77 crs₹ (121.78) crsUp Tick 348.62%
EPS₹ 5.96₹ (2.50)Up Tick 338.4%

Commenting on the performance of the Company, Managing Director, JSL, Mr Abhyuday Jindal, said, "Our plan for the near future is unleashed today; we are going to double our melt capacity in next 18 months. The expansion will strengthen our ability to serve domestic and international customers across different market segments. With the post pandemic recovery, rigorous internal efficiencies, ongoing merger, and slated expansion plans…JSL is geared to maximise the value for all its stakeholders."

Shares of JINDAL STAINLESS LTD. was last trading in BSE at Rs. 152.75 as compared to the previous close of Rs. 154.65. The total number of shares traded during the day was 899522 in over 11399 trades.

The stock hit an intraday high of Rs. 165.7 and intraday low of 148.15. The net turnover during the day was Rs. 143222103.

Source : Equity Bulls

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