New Delhi: Jindal Stainless (Hisar) Limited on Wednesday reported increase in its Profit After Tax (PAT) by 91 per cent at Rs 515 crore for the quarter ended December 31, 2021.
On a consolidated basis, JSHL registered a revenue of Rs 4,173 crore and EBITDA of Rs 569 crore during the period, the company said in a statement. On a QoQ basis, JSHL’s revenue and EBITDA in Q3FY22 grew by 12 per cent and 4 per cent respectively.
On a 9-month basis, JSHL’s PAT stood at Rs 918 crore, while EBITDA was Rs 1,403 crore. The 9MFY22 sales volume was recorded at 523,383 tonnes and net revenue of the company was Rs 9,748 crores.
Managing Director, JSHL, Abhyuday Jindal, said, “JSHL’s positive performance is backed by its operational excellence. Our specialty products have been the mainstay of our value added offering.”
”Clubbed with proactive exports and agile product mix, we have been able to drive good growth despite dominance of China and Indonesia in Indian and international markets. We hope to increase the pie of stainless steel in the overall ecosystem through our market development efforts and awareness activities,” he said.