JSL Reports Huge Surge in Net Profit in 2020-21
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JSL Reports Huge Surge in Net Profit in 2020-21

Indian stainless steel giant Jindal Stainless Ltd has reported financial results for FY 2020-21 ended March 2021. JSL Managing Director Mr Abhyuday Jindal

Indian stainless steel giant Jindal Stainless Ltd has reported financial results for FY 2020-21 ended March 2021. JSL Managing Director Mr Abhyuday Jindal said “Our agile business strategy throughout the year, despite the pandemic-induced challenges, has helped JSL deliver a strong performance. A steady demand in the domestic market across segments during the fourth quarter has helped growth in sales volume and revenue. We’re now looking forward to the creation of a level playing field by the Government.”

Financial Performance Summary – FY 2020-21

Standalone

Net Revenue – INR 11,679 crore, down 5% YoY

EBITDA - INR 1,396 crore, up 19% YoY

PBT - INR 700 crore, up 187% YoY

PAT - INR 428 crore, up 180% YoY

Consolidated

Net Revenue - INR 12,188 crore, down 6% YoY

EBITDA - INR 1,424 crore, up 25% YoY

PBT – INR 690 crore, up 318% YoY

PAT – INR 419 crore, up 478% YoY

JSL maintained its focus on meeting domestic demand, which led to an increase in the overall proportion of domestic sales. The domestic-export share of sales volumes during the January-March 2021 quarter

Domestic - 84%, up 24% YoY

Export - 16%, down 16%

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