Media Coverage report: Jindal Stainless Limited consolidates its position, posts 2x jump in Q1 PAT

Media Coverage report: Jindal Stainless Limited consolidates its position, posts 2x jump in Q1 PAT
Media Coverage report:
Jindal Stainless Limited consolidates its
   position, posts 2x jump in Q1 PAT
Media Coverage report: Jindal Stainless Limited consolidates its position, posts 2x jump in Q1 PAT
Jindal Stainless Limited consolidates its position, posts 2x jump in Q1 PAT
                                                        Electronic
    Date              Channel                                          Programme                                     Duration
18-07-2018   ET Now                        Markets @ Noon                                                           05:04 Mins
18-07-2018   BTVI                          Lunch Money                                                              08:05 Mins
18-07-2018   CNBC Awaaz                    Know Your Company                                                        10:40 Mins
                                                           Print
   Date          Publication             Edition                                      Headline
18-07-2018   Hindu Business Line    All edition      Jindal Stainless Q1 net more than doubles

19-07-2018   Mint                   All edition      Stock reccos

18-07-2018   ET Gujarati            Mumbai           Jindal Stainless June 18 quarter profit Rs.91cr

19-07-2018   Daily Thanthi          Chennai          Jindal Stainless

19-07-2018   Janambhoomi            Mumbai           Jindal Stainless quarterly profit doubles
                                                         Online
   Date                     Website                                                   Headline
18-07-2018   Economictimes.indiatimes.com              Jindal Stainless Q1 PAT more than doubles to Rs.91 crore
17-07-2018   Thehindubusinessline.com                  Jindal Stainless Q1 net more than doubles
17-07-2018   Business-standard.com                     Jindal Stainless Jun Qtr net profit jumps to Rs.91cr
19-07-2018   Business-standard.com                     Indices open higher, Nifty tests 11,000 mark on Asian cues
                                                       Sensex scales new record high, Nifty starts above 11,050 on positive
18-07-2018   CNBCTV18.com
                                                       global cues, SBI, HDFC twins gain, HUL dips
18-07-2018   Hindi.Moneycontrol.com                    Which stocks will trade on basis of news
18-07-2018   Bloombergquint.com                        All You Need To Know Going Into Trade On July 18
17-07-2018   Indiatoday.in                             Jindal Stainless Jun Qtr net profit jumps to Rs.91cr
17-07-2018   Outlookindia.com                          Jindal Stainless Jun Qtr net profit jumps to Rs.91cr
17-07-2018   Equitybulls.com                           Jindal Stainless Ltd Q1 net profit soars to Rs.90.85 crore
18-07-2018   Equitybulls.com                           Jindal Stainless Limited posts 2x jump in Q1 PAT
18-07-2018   Steel-360.com                             Jindal Stainless Ltd consolidates its position, posts 2x jump in Q1 PAT
19-07-2018   Ferroalloynet.com                         Jindal Stainless Limited posts 2x jump in Q1 PAT
                                                       Jindal Stainless Ltd Consolidates Its Position, Posts 2x Jump In Q1
18-07-2018   Energyinfrapost.com
                                                       PAT
17-07-2018   Railnews.in                               Jindal Stainless Ltd consolidates its position, posts 2x jump in Q1 PAT
17-07-2018   In.investing.com                          India's Jindal Stainless Posts June Quarter Profit 908.5 Mln Rupees
17-07-2018   In.investing.com                          India's Jindal Stainless Says Target To Increase Jajpur Capacity
17-07-2018   Bharatiyadigitalnews.in                   Jindal Stainless profit doubles to Rs.91cr
17-07-2018   Indiannewsdiary.blogspot.com              Jindal Stainless achieved strong revenue and sales growth in Q1 FY19
                                                       Jindal Stainless Limited consolidates its position, posts 2x jump in Q1
17-07-2018   Searchtopnewsupdates.blogspot.com
                                                       PAT
                                                       Jindal Stainless Limited consolidates its position, posts 2x jump in
17-07-2018   Searchtopnewsupdates.wordpress.com
                                                       Q1 PAT
Media Coverage report: Jindal Stainless Limited consolidates its position, posts 2x jump in Q1 PAT
Electronic
Media Coverage report: Jindal Stainless Limited consolidates its position, posts 2x jump in Q1 PAT
Date       18-07-2018
Channel    ET Now
Duration   05:04 mins
Media Coverage report: Jindal Stainless Limited consolidates its position, posts 2x jump in Q1 PAT
Date       18-07-2018
Channel    BTVI
Duration   08:05 mins




Date       18-07-2018
Channel    CNBC Awaaz
Duration   10:40 mins
Media Coverage report: Jindal Stainless Limited consolidates its position, posts 2x jump in Q1 PAT
Media Coverage report: Jindal Stainless Limited consolidates its position, posts 2x jump in Q1 PAT
Print




Date          18-07-2018
Publication   Hindu Business Line
Page No.      03
Media Coverage report: Jindal Stainless Limited consolidates its position, posts 2x jump in Q1 PAT
Date          19-07-2018
Publication   Mint
Page No.      01
Media Coverage report: Jindal Stainless Limited consolidates its position, posts 2x jump in Q1 PAT
Date          18-07-2018
Publication   ET Gujarati
Page No.      10
Media Coverage report: Jindal Stainless Limited consolidates its position, posts 2x jump in Q1 PAT
Date          19-07-2018
Publication   Daily Thanthi
Page No.      06
Date          19-07-2018
Publication   Janmabhoomi
Page No.      02
Online




                           Date                 18-07-2018
                           Website              https://economictimes.indiatimes.com

Weblink: https://economictimes.indiatimes.com/markets/stocks/news/jindal-stainless-q1-pat-more-than-doubles-to-rs-
                                       91-crore/articleshow/65042028.cms
Jindal Stainless Q1 PAT more than doubles to Rs 91 crore

Jindal Stainless (JSL NSE -0.97 % ) Q1 PAT more than doubled to Rs 91 crore, driven by strong demand due to
infrastructure NSE 0.83 % spending, railway modernisation and auto sector. Net revenue increased to Rs 3,147 crore, a
growth of 56 per cent over previous corresponding period, the company said in a statement. Earnings before interest
depreciation taxes and amortisation (EBIDTA) for the quarter surged by 50 per cent to Rs 375 crore over same period last
year when finance NSE -1.20 % costs were extraordinarily lower on account of interest refund. A buoyant market for
stainless steel led to a growth of 51 per cent in sales volume during the quarter under review over the same period last
year. Melt production grew by 45 per cent in Q1FY19, as the company ramped up efforts towards debottlenecking and
process balancing to optimise capacity utilization.




Commenting on the performance during the quarter, JSL managing director, Abhyuday Jindal said: “The market outlook is
conducive to propel volume growth. We have huge operating leverage and target to increase our capacity from 0.8 MTPA
to 1.1 MTPA in near future through debottlenecking and process balancing with a minimum cash outlay.”
The company has become eligible for exit from Corporate Debt Restructuring Scheme (CDR), on the basis of the improved
financial performance in the last two financial years, he said. The consortium of lenders has already recommended CDR
exit for company and the matter is pending for voting in CDR, Jindal added.



                             Date                  17-07-2018
                             Website               www.thehindubusinessline.com

 Weblink: https://www.thehindubusinessline.com/news/jindal-stainless-q1-net-more-than-doubles/article24445314.ece
Jindal Stainless Q1 net more than doubles

Jindal Stainless Ltd (JSL) on Tuesday more than doubled its standalone net profit for the quarter ended June 2018
at ₹90.85 crore as compared with the corresponding quarter last year.
The company registered a profit of ₹41.50 crore in the comparable quarter last year.
JSL reported standalone revenue of ₹3146.75 crore for the first quarter of the fiscal 2019, up 43.4 per cent, compared to
the ₹2194.31-crore for the same period last year.
JSL registered robust growth, despite the seasonally low first quarter, due to expansion in stainless steel flat product
market, mainly driven by infrastructure spending, railway modernisation, and auto segment, according to a press release.
Production up
According to the release, melt production grew by 45 per cent in Q1FY19, as the company ramped up efforts towards
debottlenecking and process balancing to optimise capacity utilisation.




                             Date                  17-07-2018
                             Website               www.business-standard.com

  Weblink: https://www.business-standard.com/article/pti-stories/jindal-stainless-jun-qtr-net-profit-jumps-to-rs-91-cr-
                                             118071701089_1.html
Jindal Stainless Jun Qtr net profit jumps to Rs.91cr

Jindal Stainless Ltd today said its standalone net profit more than doubled to Rs 90.85 crore during the quarter ended
June 30, mainly driven by higher sales volume.
The company had clocked a standalone net profit of Rs 41.50 crore in the same period a year ago.
Its total income increased to Rs 3,152.53 crore in the first quarter of this fiscal from Rs 2,203.86 crore in the
corresponding period of the previous fiscal, JSL said in a BSE filing.
In a separate statement, the country's largest stainless steel maker said: "The growth stemmed from expansion
in stainless steel flat product market, mainly driven by infrastructure spending, railway modernisation, and auto segment,
among others. A buoyant market for stainless steel led to higher sales volumes growth of 51 per cent".
JSL MD Abhyuday Jindal said, the company's plant at Jajpur, Odisha, is one of the most modern stainless steel plants in the
world with state-of-the-art facilities.
"We...target to increase our capacity from 0.8 MTPA to 1.1 MTPA in near future through debottlenecking and process
balancing with a minimum cash outlay," he was quoted in the statement.




                              Date                     19-07-2018
                              Website                  www.business-standard.com

Weblink: https://www.business-standard.com/article/markets/markets-live-bse-sensex-nse-nifty-indices-june-results-oil-
                                          prices-118071900132_1.html
MARKETS LIVE: Indices open higher, Nifty tests 11,000 mark on Asian cues

Edelweiss on Jindal Stainless

Jindal Stainless’ (JSL) Q1FY19 standalone EBITDA at Rs 3.8bn (up 50% YoY) was primarily driven by volume jumping 51%
YoY to 217kt. Key highlights: 1) realisation rose 3% YoY to Rs 145K due to higher stainless steel prices; and 2) raw material
cost jumped 19% YoY to Rs 102K/t owing to higher scrap prices. As a result, JSL reported profit at net level for sixth
successive quarter.

Going ahead, management expects robust domestic stainless steel demand led by: 1) spurt in Indian Railways’ stainless
steel coach production and; 2) newly introduced BIS-IV norms for automobiles. We believe that JSL will benefit from the
focus on value-added products and ensuing capacity/production ramp up. At CMP, the stock is trading at 3.7x FY20E
EBITDA. Maintain ‘BUY’ with target price of Rs 100, implying an exit multiple of 5x FY20E EBITDA




                                Date                 18-07-2018
                                Website              www.cnbctv18.com

   Weblink: https://www.cnbctv18.com/market/stocks/market-live-sensex-nifty-set-for-positive-start-on-global-cues-
               ultratech-cement-bandhan-bank-psu-bank-dairy-steel-stocks-in-focus-today-329571.htm
Market Live: Sensex scales new record high, Nifty starts above 11,050 on positive global cues, SBI, HDFC twins gain, HUL
dips

Key stocks in focus today
Stocks likely to trade in the green

PSU Banks: Govt announces capital infusion Of Rs 11,337 crore in 5 banks.

Federal Bank: Brokerages maintain teir stance citing inexpensive valuations.

Rallis: Q1 revenue up 30%, EBITDA up 21% and margin at 14.5%.

Sintex Industries: Q1 revenue up 35%, EBITDA up 44% and margin at 11.9% vs 11.1%.

JSL Stainless: Q1 revenue up 56%, EBITDA up 50% and sales volumes up 51%.

HDFC: HDFC AMC IPO to open on July 25, price band at Rs 1,095-1,100/Share.

HDFC Bank: allots 3.91 crore shares to HDFC at Rs2174.09/Share.

Zee Entertainment: Q1 in-line, margin at 31.9% vs estimate of 31.5%; ad revenue up 22.3%.

Kridhan Infra: Co’s asociate awarded a new project worth Rs 222.6 crore.

IDBI Bank: To seek govt's decision on LIC stake Buy offer.




                              Date                   18-07-2018
                              Website                https://hindi.moneycontrol.com/

             Weblink: https://hindi.moneycontrol.com/news/hot-stocks-news/stocks-in-news_183217.html
खबर� के दम पर कौन से शेयर चल�गे

शेयर� क� हर हलचल पर पैनी नजर रखकर अपने �नवेश को सुर��त जरूर �कया जा सकता है। यहां हम बता रहे ह� ऐसे शेयर जो रह�गे
आज खबर� म� और िजन पर होगी बाजार क� नजर।

जी एंटरटेनम�ट
�वत्त वषर् 2019 क� पहल� �तमाह� म� जी एंटरटेनम�ट का मुनाफा 31.2 फ�सद� बढ़कर 326 करोड़ रुपये हो गया है। �वत्त वषर् 2018 क�
पहल� �तमाह� म� जी एंटरटेनम�ट का मुनाफा 248.2 करोड़ रुपये रहा था। वह�ं, �वत्त वषर् 2019 क� पहल� �तमाह� म� जी एंटरटेनम�ट क�
आय 15 फ�सद� बढ़कर 1,772 करोड़ रुपये पर पहुंच गई है। �वत्त वषर् 2018 क� पहल� �तमाह� म� जी एंटरटेनम�ट क� आय 1,504.3 करोड़
रुपये रह� थी।
साल दर साल आधार पर अप्रैल-जून �तमाह� म� जी एंटरटेनम�ट का ए�बटडा 484.4 करोड़ रुपये से बढ़कर 565.7 करोड़ रुपये रहा है।
सालाना आधार पर अप्रैल-जून �तमाह� म� जी एंटरटेनम�ट का ए�बटडा मािजर्न 31.4 फ�सद� से बढ़कर 31.9 फ�सद� रहा है।
सालाना आधार पर पहल� �तमाह� म� जी एंटरटेनम�ट क� घरेलू �व�ापन आय 22.3 फ�सद� बढ़कर 1,087 करोड़ रुपये रह� है। सालाना
आधार पर पहल� �तमाह� म� जी एंटरटेनम�ट क� घरेलू सब्स�क्रप्शन आय 12.3 फ�सद� बढ़कर 425.2 करोड़ रुपये रह� है।



सरकार� ब�क



सरकार पीएनबी म� 2,816 करोड़ रुपये क� नई पूंजी डालेगी। कॉरपोरेशन ब�क को 2,555 करोड़ रुपये क� पूंजी �मलेगी। इलाहाबाद ब�क को
1,790 करोड़ रुपये और आईओबी को 2,157 करोड़ रुपये �मल�गे। सरकार आंध्रा ब�कम� 2,019 करोड़ रुपये क� पूंजी डालेगी। वह�ं �वत्त मंत्री
पीयूष गोयल ब�क, एनबीएफसी और हाउ�संग फाइन�स कंप�नय� से मुलाकात करने वाले ह�। 19 जुलाई क� बैठक म� �रयल एस्टेट म� सुधार
पर चचार् होगी।

�संटेक्स इंडस्ट्र�ज
�वत्त वषर् 2019 क� पहल� �तमाह� म� �संटेक्स इंडस्ट्र�ज का मुनाफा 11.5 फ�सद� बढ़कर 39.1 करोड़ रुपये हो गया है। �वत्त वषर् 2018 क�
पहल� �तमाह� म� �संटेक्स इंडस्ट्र�ज का मुनाफा 35.1 करोड़ रुपये रहा था। वह�ं, �वत्त वषर् 2019 क� पहल� �तमाह� म� �संटेक्स इंडस्ट्र�ज
क� आय 34.6 फ�सद� बढ़कर 925.3 करोड़ रुपये पर पहुंच गई है। �वत्त वषर् 2018 क� पहल� �तमाह� म� �संटेक्स इंडस्ट्र�ज क� आय 687.6
करोड़ रुपये रह� थी।
साल दर साल आधार पर अप्रैल-जून �तमाह� म� �संटेक्स इंडस्ट्र�ज का ए�बटडा 75.6 करोड़ रुपये से बढ़कर 109.9 करोड़ रुपये रहा है।
सालाना आधार पर अप्रैल-जून �तमाह� म� �संटेक्स इंडस्ट्र�ज का ए�बटडा मािजर्न 11 फ�सद� से बढ़कर 11.9 फ�सद� रहा है।

िजंदल स्टेनलेस
�वत्त वषर् 2019 क� पहल� �तमाह� म� िजंदल स्टेनलेस का मुनाफा 119 फ�सद� बढ़कर 90.85 करोड़ रुपये हो गया है। �वत्त वषर् 2018 क�
पहल� �तमाह� म� िजंदल स्टेनलेस का मुनाफा 41.5 करोड़ रुपये रहा था। वह�ं, �वत्त वषर् 2019 क� पहल� �तमाह� म� िजंदल स्टेनलेस क�
�बक्र� 32 फ�सद� बढ़कर 3,146 करोड़ रुपये पर पहुंच गई है। �वत्त वषर् 2018 क� पहल� �तमाह� म� िजंदल स्टेनलेस क� �बक्र� 2,373 करोड़
रुपये रह� थी।
साल दर साल आधार पर अप्रैल-जून �तमाह� म� िजंदल स्टेनलेस का ए�बटडा 250.5 करोड़ रुपये से बढ़कर 375 करोड़ रुपये रहा है।
सालाना आधार पर अप्रैल-जून �तमाह� म� िजंदल स्टेनलेस का ए�बटडा मािजर्न 11.4 फ�सद� से बढ़कर 11.9 फ�सद� रहा है।



रै�लस इं�डया
�वत्त वषर् 2019 क� पहल� �तमाह� म� रै�लस इं�डया का मुनाफा 20.5 फ�सद� बढ़कर 54.6 करोड़ रुपये हो गया है। �वत्त वषर् 2018 क�
पहल� �तमाह� म� रै�लस इं�डया का मुनाफा 45.3 करोड़ रुपये रहा था। वह�ं, �वत्त वषर् 2019 क� पहल� �तमाह� म� रै�लस इं�डया क� आय
25 फ�सद� बढ़कर 573 करोड़ रुपये पर पहुंच गई है। �वत्त वषर् 2018 क� पहल� �तमाह� म� रै�लस इं�डया क� आय 459 करोड़ रुपये रह� थी।
साल दर साल आधार पर अप्रैल-जून �तमाह� म� रै�लस इं�डया का ए�बटडा 69.4 करोड़ रुपये से बढ़कर 83.1 करोड़ रुपये रहा है। सालाना
आधार पर अप्रैल-जून �तमाह� म� रै�लस इं�डया का ए�बटडा मािजर्न 15.1 फ�सद� से घटकर 14.5 फ�सद� रहा है।

टाटा स्पॉन्ज
�वत्त वषर् 2019 क� पहल� �तमाह� म� टाटा स्पॉन्ज का मुनाफा 49 फ�सद� बढ़कर 45.5 करोड़ रुपये हो गया है। �वत्त वषर् 2018 क� पहल�
�तमाह� म� टाटा स्पॉन्ज का मुनाफा 30.6 करोड़ रुपये रहा था। वह�ं, �वत्त वषर् 2019 क� पहल� �तमाह� म� टाटा स्पॉन्ज क� �बक्र� 49.1
फ�सद� बढ़कर 260.9 करोड़ रुपये पर पहुंच गई है। �वत्त वषर् 2018 क� पहल� �तमाह� म� टाटा स्पॉन्ज क� �बक्र� 175 करोड़ रुपये रह� थी।
साल दर साल आधार पर अप्रैल-जून �तमाह� म� टाटा स्पॉन्ज का ए�बटडा 38.6 करोड़ रुपये से बढ़कर 60.2 करोड़ रुपये रहा है। सालाना
आधार पर अप्रैल-जून �तमाह� म� टाटा स्पॉन्ज का ए�बटडा मािजर्न 20.2 फ�सद� से बढ़कर 23.1 फ�सद� रहा है।



एचडीएफसी ब�क / एचडीएफसी
एचडीएफसी को एचडीएफसी ब�क 3.91 करोड़ प्रेफर��शयल शेयर जार� करेगा। 2,174 रुपये प्र�त शेयर भाव पर प्रेफर��शयल शेयर जार�
ह�गे। साथ ह� आज एचडीएफसी एएमसी के आईपीओ का एलान होगा। एचडीएफसी एएमसी का आईपीओ 25 जुलाई से खुलेगा।
एचडीएफसी एएमसी के आईपीओ का प्राइस ब�ड 1095-1100 रुपये होगा। एचडीएफसी एएमसी क� आईपीओ से कर�ब 2,800 करोड़ रुपये
जुटाने क� योजना है।

बलरामपुर चीनी / धामपुर शुगर
कै�बनेट आज गन्ने के दाम बढ़ाने पर �वचार करेगी। गन्ने का भाव 20 रुपये बढ़ाकर 275 रुपये प्र�त िक्वंटल �कया जा सकता है।
Date                 18-07-2018
                        Website              www.bloombergquint.com

Weblink: https://www.bloombergquint.com/markets/2018/07/18/all-you-need-to-know-going-into-trade-on-july-18
All You Need To Know Going Into Trade On July 18

Jindal Stainless (Q1, YoY)
    • Revenue up 56 percent at Rs 3,147 crore.
    • Net profit at Rs 91 crore versus Rs 41.5 crore.
    • Ebitda up 50 percent at Rs 375 crore.
    • Margin at 11.9 percent versus 12.4 percent.




                             Date                  17-07-2018
                             Website               www.indiatoday.in

 Weblink: https://www.indiatoday.in/pti-feed/story/jindal-stainless-jun-qtr-net-profit-jumps-to-rs-91-cr-1288355-2018-
                                                        07-17
Jindal Stainless Jun Qtr net profit jumps to Rs.91cr

Jindal Stainless Ltd today said its standalone net profit more than doubled to Rs 90.85 crore during the quarter ended
June 30, mainly driven by higher sales volume.
The company had clocked a standalone net profit of Rs 41.50 crore in the same period a year ago.
Its total income increased to Rs 3,152.53 crore in the first quarter of this fiscal from Rs 2,203.86 crore in the
corresponding period of the previous fiscal, JSL said in a BSE filing.
In a separate statement, the country's largest stainless steel maker said: "The growth stemmed from expansion in
stainless steel flat product market, mainly driven by infrastructure spending, railway modernisation, and auto segment,
among others. A buoyant market for stainless steel led to higher sales volumes growth of 51 per cent".
JSL MD Abhyuday Jindal said, the company's plant at Jajpur, Odisha, is one of the most modern stainless steel plants in the
world with state-of-the-art facilities.
"We...target to increase our capacity from 0.8 MTPA to 1.1 MTPA in near future through debottlenecking and process
balancing with a minimum cash outlay," he was quoted in the statement.




                              Date                     17-07-2018
                              Website                  www.outlookindia.com

    Weblink: https://www.outlookindia.com/newsscroll/jindal-stainless-jun-qtr-net-profit-jumps-to-rs-91-cr/1351414
Jindal Stainless Jun Qtr net profit jumps to Rs.91cr

Jindal Stainless Ltd today said its standalone net profit more than doubled to Rs 90.85 crore during the quarter ended
June 30, mainly driven by higher sales volume.
The company had clocked a standalone net profit of Rs 41.50 crore in the same period a year ago.
Its total income increased to Rs 3,152.53 crore in the first quarter of this fiscal from Rs 2,203.86 crore in the
corresponding period of the previous fiscal, JSL said in a BSE filing.
In a separate statement, the country's largest stainless steel maker said: "The growth stemmed from expansion in
stainless steel flat product market, mainly driven by infrastructure spending, railway modernisation, and auto segment,
among others. A buoyant market for stainless steel led to higher sales volumes growth of 51 per cent".
JSL MD Abhyuday Jindal said, the company's plant at Jajpur, Odisha, is one of the most modern stainless steel plants in the
world with state-of-the-art facilities.
"We...Target to increase our capacity from 0.8 MTPA to 1.1 MTPA in near future through debottlenecking and process
balancing with a minimum cash outlay," he was quoted in the statement.




                              Date                     17-07-2018
                              Website                  http://equitybulls.com/

                      Weblink: http://equitybulls.com/admin/news2006/news_det.asp?id=232356
Jindal Stainless Ltd Q1 net profit soars to Rs.90.85 crore

JINDAL STAINLESS LTD. has reported financial results for the period ended June 30, 2018. The company has reported net
sales of Rs.3152.53 crores during the 3 months period ended June 30, 2018 as compared to Rs.2203.86 crores during the 3
months period ended June 30, 2017. The company has posted net profit of Rs.90.85 crores for the 3 months period ended
June 30, 2018 as against Rs.41.50 crores for the 3 months period ended June 30, 2017. The company has reported EPS of
Rs.1.63 for the 3 months period ended June 30, 2018 as compared to Rs.0.88 for the 3 months period ended June 30,
2017. Financials Q1 FY18-19 Q1 FY17-18 % Change Total Income ₹ 3152.53 crs ₹ 2203.86 crs 43.05% Net Profit ₹ 90.85 crs
₹ 41.50 crs 118.92% EPS ₹ 1.63 ₹ 0.88 85.23% Shares of JINDAL STAINLESS LTD. was last trading in BSE at Rs.58.2 as
compared to the previous close of Rs. 59.2. The total number of shares traded during the day was 59173 in over 526
trades. The stock hit an intraday high of Rs. 59.75 and intraday low of 57. The net turnover during the day was Rs.
3446145.




                              Date                   18-07-2018
                              Website                http://equitybulls.com

                      Weblink: http://equitybulls.com/admin/news2006/news_det.asp?id=232364
Jindal Stainless Limited posts 2x jump in Q1 PAT

After registering a robust turnaround in FY18, Jindal Stainless Limited (JSL) achieved a strong revenue and sales growth in
Q1FY19, despite being a seasonally low first quarter. The growth stemmed from expansion in stainless steel flat product
market, mainly driven by infrastructure spending, railway modernization, and auto segment, among others. At Rs 91
crore, profit after tax for Q1FY19 more than doubled over corresponding period last year (CPLY). A buoyant market for
stainless steel led to higher sales volumes growth of 51% over CPLY. Melt production grew by 45% in Q1FY19, as the
company ramped up efforts towards debottlenecking and process balancing to optimise capacity utilization. Net revenue
increased to Rs 3,147 crore, a growth of 56% over CPLY. EBIDTA for the quarter surged by 50% over CPLY, reaching Rs 375
crore. In CPLY, finance costs were extraordinarily lower on account of interest refund. Commenting on the performance of
the quarter, Managing Director, JSL, Abhyuday Jindal, said, "Our plant at Jajpur, Odisha, is one of the most modern
stainless steel plants in the world with state-of-the-art facilities. The market outlook is conducive to propel volume
growth. We have huge operating leverage and target to increase our capacity from 0.8 MTPA to 1.1 MTPA in near future
through debottlenecking and process balancing with a minimum cash outlay. The Company has become eligible for exit
from Corporate Debt Restructuring Scheme (CDR), basis the superior financial performance for the last two financial
years. The consortium of lenders has already recommended CDR exit for Company and the matter is pending for voting in
CDR forum." The Indian stainless steel market, however, continued to deal with a heavy flow of subsidised imports. Even
after Indian government imposed countervailing duty (CVD) in September last year on imports of stainless steel from
China, the duty is being circumvented as Chinese material is now being routed through other free-trade agreement (FTA)
countries. In light of several developed countries across the globe undertaking strong measures to safeguard their
domestic manufacturing industries, it is high time that the Indian government also took such bold measures to protect the
interests of local manufacturers. This includes complete staunching of CVD circumvention, and revisiting the very purpose
of existing FTAs creating huge trade imbalances. The Indian stainless steel industry has also sought government's support
in removal of 2.5% import duty on ferro-nickel and stainless steel scrap, both of which are not available domestically.
These would be the pre-requisites for the domestic industry to realize its full Follow Privacy Privacy Like Share 692 people
like this. Sign Up to see what your friends like. Stocks to Buy Online Application Forms Ads by Google Coca Cola Jobs Gold
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http://equitybulls.com/admin/news2006/news_det.asp?id=232364 2/5 potential under the Make in India initiative of the
government, and get a level playing field with foreign competitors. On a sequential basis also, JSL registered a marginal
dip in sales (-1%) and EBIDTA (-3%), despite the first quarter of the FY witnessing a traditional slack combined with a steep
increase in raw material prices and consumables such as nickel and electrodes. Interest cost increased on account of an
exceptional interest credit of Rs 17 crores in Q4FY18 and short term increase in working capital utilisation. On a sequential
basis, the difference in PAT can be ascribed to a combination of these factors. Performance of JSL's subsidiaries continued
the uptrend. Iber Jindal Spain and PTJSI, Indonesia registered a CPLY growth of 32% and 6% in net revenue respectively,
during the quarter. The company is poised to witness stainless steel demand growth from Indian Railways, as the latter is
set to enhance stainless steel coach production. Newly introduced BS-VI norms for automobile are also expected to boost
stainless steel consumption. Shares of JINDAL STAINLESS LTD. was last trading in BSE at Rs.58.2 as compared to the
previous close of Rs. 59.2. The total number of shares traded during the day was 59173 in over 526 trades. The stock hit
an intraday high of Rs. 59.75 and intraday low of 57. The net turnover during the day was Rs. 3446145.
Date                  18-07-2018
                           Website               www.steel-360.com

Weblink: https://www.steel-360.com/press-releases-awards/jindal-stainless-limited-consolidates-its-position-posts-2x-
                                                jump-in-q1-pat
Jindal Stainless Limited consolidates its position, posts 2x jump in Q1 PAT

After registering a robust turnaround in FY18, Jindal Stainless Limited (JSL) achieved a strong revenue and sales growth in
Q1FY19, despite being a seasonally low first quarter. The growth stemmed from expansion in stainless steel flat product
market, mainly driven by infrastructure spending, railway modernization, and auto segment, among others. At Rs 91
crore, profit after tax for Q1FY19 more than doubled over corresponding period last year (CPLY). A buoyant market for
stainless steel led to higher sales volumes growth of 51% over CPLY.
Melt production grew by 45% in Q1FY19, as the company ramped up efforts towards debottlenecking and process
balancing to optimise capacity utilization. Net revenue increased to Rs 3,147 crore, a growth of 56% over CPLY. EBIDTA for
the quarter surged by 50% over CPLY, reaching Rs 375 crore. In CPLY, finance costs were extraordinarily lower on account
of interest refund.
Commenting on the performance of the quarter, Managing Director, JSL, Abhyuday Jindal, said, “Our plant at Jajpur,
Odisha, is one of the most modern stainless steel plants in the world with state-of-the-art facilities. The market outlook is
conducive to propel volume growth. We have huge operating leverage and target to increase our capacity from 0.8 MTPA
to 1.1 MTPA in near future through debottlenecking and process balancing with a minimum cash outlay. The Company has
become eligible for exit from Corporate Debt Restructuring Scheme (CDR), basis the superior financial performance for
the last two financial years. The consortium of lenders has already recommended CDR exit for Company and the matter is
pending for voting in CDR forum.”




                              Date                   19-07-2018
                              Website                www.ferroalloynet.com

         Weblink: http://www.ferroalloynet.com/news/jindal_stainless_limited_posts_2x_jump_in_q1_pat.html
Jindal Stainless Limited posts 2x jump in Q1 PAT

URL:         http://www.ferroalloynet.com/news/jindal_stainless_limited_posts_2x_jump_in_q1_pat.html
Posted:      Thu, 19 Jul 2018 01:41:00 GMT [0 days ago]
Keywords: Nickel Ore\Ferro Nickel
Channel:     Business Movement
Tags:        Nickel OreFerro Nickel
             After registering a robust turnaround in FY , Jindal Stainless Limited (JSL) achieved a strong revenue and sales
Summary:
             growth in Q FY , despite being a seasonally low first quarter. The growth stemmed ...




                               Date                  18-07-2018
                               Website               http://energyinfrapost.com

          Weblink: http://energyinfrapost.com/jindal-stainless-limited-consolidates-position-posts-2x-jump-q1-pat/
Jindal Stainless Limited Consolidates Its Position, Posts 2x Jump In Q1 PAT

After registering a robust turnaround in FY18, Jindal Stainless Limited (JSL) achieved a strong revenue and sales growth in
Q1FY19, despite being a seasonally low first quarter.
The growth stemmed from expansion in stainless steel flat product market, mainly driven by infrastructure spending,
railway modernization, and auto segment, among others.
At Rs.91 crore, profit after tax for Q1FY19 more than doubled over corresponding period last year (CPLY). A buoyant
market for stainless steel led to higher sales volumes growth of 51% over CPLY.
Melt production grew by 45% in Q1FY19, as the company ramped up efforts towards debottlenecking and process
balancing to optimise capacity utilization. Net revenue increased to Rs 3,147 crore, a growth of 56% over CPLY.




                             Date                   17-07-2018
                             Website                www.railnews.in

       Weblink: http://www.railnews.in/jindal-stainless-limited-consolidates-its-position-posts-2x-jump-in-q1-pat/
Jindal Stainless Limited consolidates its position, posts 2x jump in Q1 PAT

The Company is poised to witness Stainless Steel demand growth from Indian Railways, as the latter is set to enhance
Stainless Steel Coach production in the next few months.

Q1 FY-19 Key Highlights


Particulars       Q1 FY 18-19    Q1 FY17-18      Growth



PAT               91             41              119%



Net Revenue       3,147          2,015           56%



EBIDTA            375            251             50%



                              Standalone (in Rs crore)




After registering a robust turnaround in FY18, Jindal Stainless Limited (JSL) achieved a strong revenue and sales growth in
Q1FY19, despite being a seasonally low first quarter.
The growth stemmed from expansion in stainless steel flat product market, mainly driven by infrastructure spending,
railway modernization, and auto segment, among others.
At Rs.91 crore, profit after tax for Q1FY19 more than doubled over corresponding period last year (CPLY). A buoyant
market for stainless steel led to higher sales volumes growth of 51% over CPLY.
Melt production grew by 45% in Q1FY19, as the company ramped up efforts towards debottlenecking and process
balancing to optimise capacity utilization. Net revenue increased to Rs 3,147 crore, a growth of 56% over CPLY. EBIDTA for
the quarter surged by 50% over CPLY, reaching Rs 375 crore. In CPLY, finance costs were extraordinarily lower on account
of interest refund.
Commenting on the performance of the quarter, Managing Director, JSL, Abhyuday Jindal, said, “Our plant at Jajpur,
Odisha, is one of the most modern stainless steel plants in the world with state-of-the-art facilities. The market outlook is
conducive to propel volume growth. We have huge operating leverage and target to increase our capacity from 0.8 MTPA
to 1.1 MTPA in near future through debottlenecking and process balancing with a minimum cash outlay. The Company has
become eligible for exit from Corporate Debt Restructuring Scheme (CDR), basis the superior financial performance for the
last two financial years. The consortium of lenders has already recommended CDR exit for Company and the matter is
pending for voting in CDR forum.”
The Indian stainless steel market, however, continued to deal with a heavy flow of subsidised imports. Even after Indian
government imposed countervailing duty (CVD) in September last year on imports of stainless steel from China, the duty
is being circumvented as Chinese material is now being routed through other free-trade agreement (FTA) countries. In
light of several developed countries across the globe undertaking strong measures to safeguard their domestic
manufacturing industries, it is high time that the Indian government also took such bold measures to protect the interests
of local manufacturers. This includes complete staunching of CVD circumvention, and revisiting the very purpose of
existing FTAs creating huge trade imbalances. The Indian stainless steel industry has also sought government’s support in
removal of 2.5% import duty on ferro-nickel and stainless steel scrap, both of which are not available domestically. These
would be the pre-requisites for the domestic industry to realize its full potential under the Make in India initiative of the
government, and get a level playing field with foreign competitors.
On a sequential basis also, JSL registered a marginal dip in sales (-1%) and EBIDTA (-3%), despite the first quarter of the FY
witnessing a traditional slack combined with a steep increase in raw material prices and consumables such as nickel and
electrodes. Interest cost increased on account of an exceptional interest credit of Rs 17 crores in Q4FY18 and short term
increase in working capital utilisation. On a sequential basis, the difference in PAT can be ascribed to a combination of
these factors.
Performance of JSL’s subsidiaries continued the uptrend. Iber Jindal Spain and PTJSI, Indonesia registered a CPLY growth
of 32% and 6% in net revenue respectively, during the quarter. The company is poised to witness stainless steel demand
growth from Indian Railways, as the latter is set to enhance stainless steel coach production. Newly introduced BS-VI
norms for automobile are also expected to boost stainless steel consumption.




                              Date                   17-07-2018
                              Website                https://in.investing.com

 Weblink: https://in.investing.com/news/stock-market-news/briefindias-jindal-stainless-posts-june-quarter-profit-9085-
                                               mln-rupees-1249314
India's Jindal Stainless Posts June Quarter Profit 908.5 Mln Rupees

Jindal Stainless Ltd JIST.NS :
* JUNE QUARTER PROFIT 908.5 MILLION RUPEES VERSUS 415.0 MILLION RUPEES YEAR AGO
* JUNE QUARTER REVENUE FROM OPERATIONS 31.47 BILLION RUPEES VERSUS 21.94 BILLION RUPEES YEAR AGO




                             Date                  17-07-2018
                             Website               https://in.investing.com/

  Weblink: https://in.investing.com/news/stock-market-news/briefindias-jindal-stainless-says-target-to-increase-jajpur-
                                                 capacity-1249352
India's Jindal Stainless Says Target To Increase Jajpur Capacity

Jindal Stainless Ltd JIST.NS :
* SAYS TARGET TO INCREASE JAJPUR CAPACITY FROM 0.8 MTPA TO 1.1 MTPA IN NEAR FUTURE




                              Date                  17-07-2018
                              Website               https://bharatiyadigitalnews.in/

  Weblink: https://bharatiyadigitalnews.in/business/new-delhi-jindal-stainlesss-profit-doubled-to-rs-91-crores-news-in-
                                                        hindi/
िजंदल स्टेनलेस का मुनाफा दोगुना बढ़कर 91 करोड़ रुपये


चालू �वत्त वषर् क� पहल� �तमाह� म� िजंदल स्टेनलेस �ल�मटेड (जेएसएल) के मुनाफे म� �पछले साल क� समान �तमाह� क� तुलना म�
दोगुने से अ�धक क� बढ़ोतर� दजर् क� गई है। मुनाफा 90.85 करोड़ रुपये रहा। कंपनी ने मंगलवार को यह जानकार� द� और कहा �क
मुनाफे म� वृ�द्ध का मुख्य कारण �बक्र� म� आई तेजी है। कंपनी ने बताया �क �वत्त वषर् 2017-18 क� पहल� �तमाह� (अप्रैल-जून) म� कंपनी
का मुनाफा 41.50 करोड़ रुपये था।
जेएसएल ने बॉम्बे स्टॉक एक्सच�ज म� �नयामक�य फाइ�लंग म� कहा �क समी�ाधीन अव�ध म� उसका राजस्व बढ़कर 3,152.53 करोड़
रुपये हो गया, जब�क �पछले �वत्त वषर् क� पहल� �तमाह� म� यह 2,203.86 करोड़ रुपये था।
जेएसएल के प्रबंध �नदेशक अभ्युदय िजंदल ने कहा, `ओ�डशा के जाजपुर म� हमारा संयंत्र दु�नया के सबसे आधु�नक स्टेनलेस स्ट�ल
संयंत्र� म� से एक है जो अत्याधु�नक सु�वधाओं से लैस है। बाजार को लेकर हमारा दृिष्टकोण �बक्र� के अनुकूल है।
उन्ह�ने कहा, `हम �नकट भ�वष्य म� 0.8 एमट�पीए से 1.1 एमट�पीए तक �मता बढ़ाने जा रहे ह�। कंपनी �पछले दो �वत्त वष� से जार�
बेहतर �वत्तीय प्रदशर्न के आधार पर कॉप�रेट ऋण पुनगर्ठन योजना (सीडीआर) से बाहर �नकलने के �लए पात्र बन गई है। कजर्दाताओं के
संघ ने पहले ह� कंपनी के �लए सीडीआर से �नकास क� �सफा�रश क� है और �फलहाल मामला सीडीआर फोरम म� लं�बत है।`




                               Date                   17-07-2018
                               Website                https://indiannewsdiary.blogspot.com/

              Weblink: https://indiannewsdiary.blogspot.com/2018/07/jindal-stainless-achieved-strong.html
Jindal Stainless achieved strong revenue and sales growth in Q1 FY19

Jindal Stainless Limited (JSL) achieved a strong revenue and sales growth in Q1FY19, despite being a seasonally low first
quarter. The growth stemmed from expansion in stainless steel flat product market, mainly driven by infrastructure
spending, railway modernization, and auto segment, among others. At Rs 91 crore, profit after tax for Q1FY19 more than
doubled over corresponding period last year (CPLY). A buoyant market for stainless steel led to higher sales volumes
growth of 51% over CPLY.
Commenting on the performance of the quarter, Abhyuday Jindal, Managing Director, JSL, said, “Our plant at Jajpur,
Odisha, is one of the most modern stainless steel plants in the world with state-of-the-art facilities. The market outlook is
conducive to propel volume growth. We have huge operating leverage and target to increase our capacity from 0.8 MTPA
to 1.1 MTPA in near future through debottlenecking and process balancing with a minimum cash outlay. The Company has
become eligible for exit from Corporate Debt Restructuring Scheme (CDR), basis the superior financial performance for
the last two financial years. The consortium of lenders has already recommended CDR exit for Company and the matter is
pending for voting in CDR forum.”
The Indian stainless steel market, however, continued to deal with a heavy flow of subsidised imports. Even after Indian
government imposed countervailing duty (CVD) in September last year on imports of stainless steel from China, the duty
is being circumvented as Chinese material is now being routed through other free-trade agreement (FTA) countries. In
light of several developed countries across the globe undertaking strong measures to safeguard their domestic
manufacturing industries, it is high time that the Indian government also took such bold measures to protect the interests
of local manufacturers. This includes complete staunching of CVD circumvention, and revisiting the very purpose of
existing FTAs creating huge trade imbalances. The Indian stainless steel industry has also sought government’s support in
removal of 2.5% import duty on ferro-nickel and stainless steel scrap, both of which are not available domestically. These
would be the pre-requisites for the domestic industry to realize its full potential under the Make in India initiative of the
government, and get a level playing field with foreign competitors.
On a sequential basis also, JSL registered a marginal dip in sales (-1%) and EBIDTA (-3%), despite the first quarter of the FY
witnessing a traditional slack combined with a steep increase in raw material prices and consumables such as nickel and
electrodes. Interest cost increased on account of an exceptional interest credit of Rs 17 crores in Q4FY18 and short term
increase in working capital utilisation. On a sequential basis, the difference in PAT can be ascribed to a combination of
these factors.
Performance of JSL’s subsidiaries continued the uptrend. Iber Jindal Spain and PTJSI, Indonesia registered a CPLY growth
of 32% and 6% in net revenue respectively, during the quarter. The company is poised to witness stainless steel demand
growth from Indian Railways, as the latter is set to enhance stainless steel coach production. Newly introduced BS-VI
norms for automobile are also expected to boost stainless steel consumption.
Date                  17-07-2018
                 Website               https://searchtopnewsupdates.blogspot.com/

Weblink: https://searchtopnewsupdates.blogspot.com/2018/07/jindal-stainless-limited-consolidates.html
Jindal Stainless Limited consolidates its position, posts 2x jump in Q1 PAT

Q1 FY 19 key highlights
                                                                 Standalone (in Rs crore)
                          Particulars       Q1 FY 18-19        Q1 FY17-18          Growth
                          PAT               91                 41                 119%
                          Net Revenue       3,147              2,015              56%
                          EBIDTA            375                251                50%

After registering a robust turnaround in FY18, Jindal Stainless Limited (JSL) achieved a strong revenue and sales growth in
Q1FY19, despite being a seasonally low first quarter. The growth stemmed from expansion in stainless steel flat product
market, mainly driven by infrastructure spending, railway modernization, and auto segment, among others. At Rs 91
crore, profit after tax for Q1FY19 more than doubled over corresponding period last year (CPLY). A buoyant market for
stainless steel led to higher sales volumes growth of 51% over CPLY.
Melt production grew by 45% in Q1FY19, as the company ramped up efforts towards debottlenecking and process
balancing to optimise capacity utilization. Net revenue increased to Rs 3,147 crore, a growth of 56% over CPLY. EBIDTA for
the quarter surged by 50% over CPLY, reaching Rs 375 crore. In CPLY, finance costs were extraordinarily lower on account
of interest refund.
Commenting on the performance of the quarter, Managing Director, JSL, Abhyuday Jindal, said, “Our plant at Jajpur,
Odisha, is one of the most modern stainless steel plants in the world with state-of-the-art facilities. The market outlook is
conducive to propel volume growth. We have huge operating leverage and target to increase our capacity from 0.8 MTPA
to 1.1 MTPA in near future through debottlenecking and process balancing with a minimum cash outlay. The Company has
become eligible for exit from Corporate Debt Restructuring Scheme (CDR), basis the superior financial performance for
the last two financial years. The consortium of lenders has already recommended CDR exit for Company and the matter is
pending for voting in CDR forum.”
The Indian stainless steel market, however, continued to deal with a heavy flow of subsidised imports. Even after Indian
government imposed countervailing duty (CVD) in September last year on imports of stainless steel from China, the duty
is being circumvented as Chinese material is now being routed through other free-trade agreement (FTA) countries. In
light of several developed countries across the globe undertaking strong measures to safeguard their domestic
manufacturing industries, it is high time that the Indian government also took such bold measures to protect the interests
of local manufacturers. This includes complete staunching of CVD circumvention, and revisiting the very purpose of
existing FTAs creating huge trade imbalances. The Indian stainless steel industry has also sought government’s support in
removal of 2.5% import duty on ferro-nickel and stainless steel scrap, both of which are not available domestically. These
would be the pre-requisites for the domestic industry to realize its full potential under the Make in India initiative of the
government, and get a level playing field with foreign competitors.
On a sequential basis also, JSL registered a marginal dip in sales (-1%) and EBIDTA (-3%), despite the first quarter of the FY
witnessing a traditional slack combined with a steep increase in raw material prices and consumables such as nickel and
electrodes. Interest cost increased on account of an exceptional interest credit of Rs 17 crores in Q4FY18 and short term
increase in working capital utilisation. On a sequential basis, the difference in PAT can be ascribed to a combination of
these factors.
Performance of JSL’s subsidiaries continued the uptrend. Iber Jindal Spain and PTJSI, Indonesia registered a CPLY growth
of 32% and 6% in net revenue respectively, during the quarter. The company is poised to witness stainless steel demand
growth from Indian Railways, as the latter is set to enhance stainless steel coach production. Newly introduced BS-VI
norms for automobile are also expected to boost stainless steel consumption.




                          Date                   17-07-2018
                          Website                https://searchtopnewsupdates.wordpress.com/

 Weblink: https://searchtopnewsupdates.wordpress.com/2018/07/17/jindal-stainless-limited-consolidates-its-position-
                                           posts-2x-jump-in-q1-pat/
Jindal Stainless Limited consolidates its position, posts 2x jump in Q1 PAT

Q1 FY 19 key highlights
                                                                 Standalone (in Rs crore)
Particulars    Q1 FY 18-19 Q1 FY17-18 Growth

PAT            91            41            119%

Net Revenue 3,147            2,015         56%

EBIDTA         375           251           50%
After registering a robust turnaround in FY18, Jindal Stainless Limited (JSL) achieved a strong revenue and sales growth in
Q1FY19, despite being a seasonally low first quarter. The growth stemmed from expansion in stainless steel flat product
market, mainly driven by infrastructure spending, railway modernization, and auto segment, among others. At Rs 91
crore, profit after tax for Q1FY19 more than doubled over corresponding period last year (CPLY). A buoyant market for
stainless steel led to higher sales volumes growth of 51% over CPLY.
Melt production grew by 45% in Q1FY19, as the company ramped up efforts towards debottlenecking and process
balancing to optimise capacity utilization. Net revenue increased to Rs 3,147 crore, a growth of 56% over CPLY. EBIDTA for
the quarter surged by 50% over CPLY, reaching Rs 375 crore. In CPLY, finance costs were extraordinarily lower on account
of interest refund.
Commenting on the performance of the quarter, Managing Director, JSL, Abhyuday Jindal, said, “Our plant at Jajpur,
Odisha, is one of the most modern stainless steel plants in the world with state-of-the-art facilities. The market outlook is
conducive to propel volume growth. We have huge operating leverage and target to increase our capacity from 0.8 MTPA
to 1.1 MTPA in near future through debottlenecking and process balancing with a minimum cash outlay. The Company has
become eligible for exit from Corporate Debt Restructuring Scheme (CDR), basis the superior financial performance for
the last two financial years. The consortium of lenders has already recommended CDR exit for Company and the matter is
pending for voting in CDR forum.”
The Indian stainless steel market, however, continued to deal with a heavy flow of subsidised imports. Even after Indian
government imposed countervailing duty (CVD) in September last year on imports of stainless steel from China, the duty
is being circumvented as Chinese material is now being routed through other free-trade agreement (FTA) countries. In
light of several developed countries across the globe undertaking strong measures to safeguard their domestic
manufacturing industries, it is high time that the Indian government also took such bold measures to protect the interests
of local manufacturers. This includes complete staunching of CVD circumvention, and revisiting the very purpose of
existing FTAs creating huge trade imbalances. The Indian stainless steel industry has also sought government’s support in
removal of 2.5% import duty on ferro-nickel and stainless steel scrap, both of which are not available domestically. These
would be the pre-requisites for the domestic industry to realize its full potential under the Make in India initiative of the
government, and get a level playing field with foreign competitors.
On a sequential basis also, JSL registered a marginal dip in sales (-1%) and EBIDTA (-3%), despite the first quarter of the FY
witnessing a traditional slack combined with a steep increase in raw material prices and consumables such as nickel and
electrodes. Interest cost increased on account of an exceptional interest credit of Rs 17 crores in Q4FY18 and short term
increase in working capital utilisation. On a sequential basis, the difference in PAT can be ascribed to a combination of
these factors.
Performance of JSL’s subsidiaries continued the uptrend. Iber Jindal Spain and PTJSI, Indonesia registered a CPLY growth
of 32% and 6% in net revenue respectively, during the quarter. The company is poised to witness stainless steel demand
growth from Indian Railways, as the latter is set to enhance stainless steel coach production. Newly introduced BS-VI
norms for automobile are also expected to boost stainless steel consumption.
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