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

Transcription

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

2 Jindal Stainless Limited consolidates its position, posts 2x jump in Q1 PAT Electronic Date Channel Programme Duration ET Now Noon 05:04 Mins BTVI Lunch Money 08:05 Mins CNBC Awaaz Know Your Company 10:40 Mins Print Date Publication Edition Headline Hindu Business Line All edition Jindal Stainless Q1 net more than doubles Mint All edition Stock reccos ET Gujarati Mumbai Jindal Stainless June 18 quarter profit Rs.91cr Daily Thanthi Chennai Jindal Stainless Janambhoomi Mumbai Jindal Stainless quarterly profit doubles Online Date Headline Economictimes.indiatimes.com Jindal Stainless Q1 PAT more than doubles to Rs.91 crore Thehindubusinessline.com Jindal Stainless Q1 net more than doubles Business-standard.com Jindal Stainless Jun Qtr net profit jumps to Rs.91cr Business-standard.com Indices open higher, Nifty tests 11,000 mark on Asian cues CNBCTV18.com Sensex scales new record high, Nifty starts above 11,050 on positive global cues, SBI, HDFC twins gain, HUL dips Hindi.Moneycontrol.com Which stocks will trade on basis of news Bloombergquint.com All You Need To Know Going Into Trade On July Indiatoday.in Jindal Stainless Jun Qtr net profit jumps to Rs.91cr Outlookindia.com Jindal Stainless Jun Qtr net profit jumps to Rs.91cr Equitybulls.com Jindal Stainless Ltd Q1 net profit soars to Rs crore Equitybulls.com Jindal Stainless Limited posts 2x jump in Q1 PAT Steel-360.com Jindal Stainless Ltd consolidates its position, posts 2x jump in Q1 PAT Ferroalloynet.com Jindal Stainless Limited posts 2x jump in Q1 PAT Energyinfrapost.com Jindal Stainless Ltd Consolidates Its Position, Posts 2x Jump In Q1 PAT Railnews.in Jindal Stainless Ltd consolidates its position, posts 2x jump in Q1 PAT In.investing.com India's Jindal Stainless Posts June Quarter Profit Mln Rupees In.investing.com India's Jindal Stainless Says Target To Increase Jajpur Capacity Bharatiyadigitalnews.in Jindal Stainless profit doubles to Rs.91cr Indiannewsdiary.blogspot.com Jindal Stainless achieved strong revenue and sales growth in Q1 FY Searchtopnewsupdates.blogspot.com Jindal Stainless Limited consolidates its position, posts 2x jump in Q1 PAT Searchtopnewsupdates.wordpress.com Jindal Stainless Limited consolidates its position, posts 2x jump in Q1 PAT

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4 Date Channel ET Now Duration 05:04 mins

5 Date Channel BTVI Duration 08:05 mins Date Channel CNBC Awaaz Duration 10:40 mins

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7 Print Date Publication Hindu Business Line Page No. 03

8 Date Publication Mint Page No. 01

9 Date Publication ET Gujarati Page No. 10

10 Date Publication Daily Thanthi Page No. 06

11 Date Publication Janmabhoomi Page No. 02

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13 Online Date Weblink: 91-crore/articleshow/ cms

14 Jindal Stainless Q1 PAT more than doubles to Rs 91 crore Jindal Stainless (JSL NSE % ) 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 % 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 Weblink:

15 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 crore as compared with the corresponding quarter last year. The company registered a profit of crore in the comparable quarter last year. JSL reported standalone revenue of crore for the first quarter of the fiscal 2019, up 43.4 per cent, compared to the 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 Weblink: _1.html

16 Jindal Stainless Jun Qtr net profit jumps to Rs.91cr Jindal Stainless Ltd today said its standalone net profit more than doubled to Rs crore during the quarter ended June 30, mainly driven by higher sales volume. The company had clocked a standalone net profit of Rs crore in the same period a year ago. Its total income increased to Rs 3, crore in the first quarter of this fiscal from Rs 2, 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 Weblink:

17 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 Weblink:

18 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 Rs /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 crore. IDBI Bank: To seek govt's decision on LIC stake Buy offer. Date Weblink:

19 खबर क दम पर क न स श यर चल ग श यर क हर हलचल पर प न नजर रखकर अपन नव श क स र त जर र कय ज सकत ह यह हम बत रह ह ऐस श यर ज रह ग आज खबर म और जन पर ह ग ब ज र क नजर ज ए टरट नम ट वत त वषर 2019 क पहल तम ह म ज ए टरट नम ट क म न फ 31.2 फ सद बढ़कर 326 कर ड़ र पय ह गय ह वत त वषर 2018 क पहल तम ह म ज ए टरट नम ट क म न फ कर ड़ र पय रह थ वह, वत त वषर 2019 क पहल तम ह म ज ए टरट नम ट क आय 15 फ सद बढ़कर 1,772 कर ड़ र पय पर पह च गई ह वत त वषर 2018 क पहल तम ह म ज ए टरट नम ट क आय 1,504.3 कर ड़ र पय रह थ स ल दर स ल आध र पर अप र ल-ज न तम ह म ज ए टरट नम ट क ए बटड कर ड़ र पय स बढ़कर कर ड़ र पय रह ह स ल न आध र पर अप र ल-ज न तम ह म ज ए टरट नम ट क ए बटड म जर न 31.4 फ सद स बढ़कर 31.9 फ सद रह ह स ल न आध र पर पहल तम ह म ज ए टरट नम ट क घर ल व पन आय 22.3 फ सद बढ़कर 1,087 कर ड़ र पय रह ह स ल न आध र पर पहल तम ह म ज ए टरट नम ट क घर ल सब स क रप शन आय 12.3 फ सद बढ़कर कर ड़ र पय रह ह सरक र ब क सरक र प एनब म 2,816 कर ड़ र पय क नई प ज ड ल ग क रप र शन ब क क 2,555 कर ड़ र पय क प ज मल ग इल ह ब द ब क क 1,790 कर ड़ र पय और आईओब क 2,157 कर ड़ र पय मल ग सरक र आ ध र ब कम 2,019 कर ड़ र पय क प ज ड ल ग वह वत त म त र प य ष ग यल ब क, एनब एफस और ह उ स ग फ इन स क प नय स म ल क त करन व ल ह 19 ज ल ई क ब ठक म रयल एस ट ट म स ध र पर चच र ह ग स ट क स इ डस ट र ज

20 वत त वषर 2019 क पहल तम ह म स ट क स इ डस ट र ज क म न फ 11.5 फ सद बढ़कर 39.1 कर ड़ र पय ह गय ह वत त वषर 2018 क पहल तम ह म स ट क स इ डस ट र ज क म न फ 35.1 कर ड़ र पय रह थ वह, वत त वषर 2019 क पहल तम ह म स ट क स इ डस ट र ज क आय 34.6 फ सद बढ़कर कर ड़ र पय पर पह च गई ह वत त वषर 2018 क पहल तम ह म स ट क स इ डस ट र ज क आय कर ड़ र पय रह थ स ल दर स ल आध र पर अप र ल-ज न तम ह म स ट क स इ डस ट र ज क ए बटड 75.6 कर ड़ र पय स बढ़कर कर ड़ र पय रह ह स ल न आध र पर अप र ल-ज न तम ह म स ट क स इ डस ट र ज क ए बटड म जर न 11 फ सद स बढ़कर 11.9 फ सद रह ह ज दल स ट नल स वत त वषर 2019 क पहल तम ह म ज दल स ट नल स क म न फ 119 फ सद बढ़कर कर ड़ र पय ह गय ह वत त वषर 2018 क पहल तम ह म ज दल स ट नल स क म न फ 41.5 कर ड़ र पय रह थ वह, वत त वषर 2019 क पहल तम ह म ज दल स ट नल स क बक र 32 फ सद बढ़कर 3,146 कर ड़ र पय पर पह च गई ह वत त वषर 2018 क पहल तम ह म ज दल स ट नल स क बक र 2,373 कर ड़ र पय रह थ स ल दर स ल आध र पर अप र ल-ज न तम ह म ज दल स ट नल स क ए बटड कर ड़ र पय स बढ़कर 375 कर ड़ र पय रह ह स ल न आध र पर अप र ल-ज न तम ह म ज दल स ट नल स क ए बटड म जर न 11.4 फ सद स बढ़कर 11.9 फ सद रह ह र लस इ डय वत त वषर 2019 क पहल तम ह म र लस इ डय क म न फ 20.5 फ सद बढ़कर 54.6 कर ड़ र पय ह गय ह वत त वषर 2018 क पहल तम ह म र लस इ डय क म न फ 45.3 कर ड़ र पय रह थ वह, वत त वषर 2019 क पहल तम ह म र लस इ डय क आय 25 फ सद बढ़कर 573 कर ड़ र पय पर पह च गई ह वत त वषर 2018 क पहल तम ह म र लस इ डय क आय 459 कर ड़ र पय रह थ स ल दर स ल आध र पर अप र ल-ज न तम ह म र लस इ डय क ए बटड 69.4 कर ड़ र पय स बढ़कर 83.1 कर ड़ र पय रह ह स ल न आध र पर अप र ल-ज न तम ह म र लस इ डय क ए बटड म जर न 15.1 फ सद स घटकर 14.5 फ सद रह ह ट ट स प न ज वत त वषर 2019 क पहल तम ह म ट ट स प न ज क म न फ 49 फ सद बढ़कर 45.5 कर ड़ र पय ह गय ह वत त वषर 2018 क पहल तम ह म ट ट स प न ज क म न फ 30.6 कर ड़ र पय रह थ वह, वत त वषर 2019 क पहल तम ह म ट ट स प न ज क बक र 49.1 फ सद बढ़कर कर ड़ र पय पर पह च गई ह वत त वषर 2018 क पहल तम ह म ट ट स प न ज क बक र 175 कर ड़ र पय रह थ स ल दर स ल आध र पर अप र ल-ज न तम ह म ट ट स प न ज क ए बटड 38.6 कर ड़ र पय स बढ़कर 60.2 कर ड़ र पय रह ह स ल न आध र पर अप र ल-ज न तम ह म ट ट स प न ज क ए बटड म जर न 20.2 फ सद स बढ़कर 23.1 फ सद रह ह एचड एफस ब क / एचड एफस एचड एफस क एचड एफस ब क 3.91 कर ड़ प र फर शयल श यर ज र कर ग 2,174 र पय प र त श यर भ व पर प र फर शयल श यर ज र ह ग स थ ह आज एचड एफस एएमस क आईप ओ क एल न ह ग एचड एफस एएमस क आईप ओ 25 ज ल ई स ख ल ग एचड एफस एएमस क आईप ओ क प र इस ब ड र पय ह ग एचड एफस एएमस क आईप ओ स कर ब 2,800 कर ड़ र पय ज ट न क य जन ह बलर मप र च न / ध मप र श गर क बन ट आज गन न क द म बढ़ न पर वच र कर ग गन न क भ व 20 र पय बढ़ कर 275 र पय प र त क व टल कय ज सकत ह

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22 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 Weblink:

23 Jindal Stainless Jun Qtr net profit jumps to Rs.91cr Jindal Stainless Ltd today said its standalone net profit more than doubled to Rs crore during the quarter ended June 30, mainly driven by higher sales volume. The company had clocked a standalone net profit of Rs crore in the same period a year ago. Its total income increased to Rs 3, crore in the first quarter of this fiscal from Rs 2, 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 Weblink:

24 Jindal Stainless Jun Qtr net profit jumps to Rs.91cr Jindal Stainless Ltd today said its standalone net profit more than doubled to Rs crore during the quarter ended June 30, mainly driven by higher sales volume. The company had clocked a standalone net profit of Rs crore in the same period a year ago. Its total income increased to Rs 3, crore in the first quarter of this fiscal from Rs 2, 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 Weblink:

25 Jindal Stainless Ltd Q1 net profit soars to Rs crore JINDAL STAINLESS LTD. has reported financial results for the period ended June 30, The company has reported net sales of Rs crores during the 3 months period ended June 30, 2018 as compared to Rs crores during the 3 months period ended June 30, The company has posted net profit of Rs crores for the 3 months period ended June 30, 2018 as against Rs crores for the 3 months period ended June 30, 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, Financials Q1 FY18-19 Q1 FY17-18 % Change Total Income crs crs 43.05% Net Profit crs crs % EPS % Shares of JINDAL STAINLESS LTD. was last trading in BSE at Rs.58.2 as compared to the previous close of Rs The total number of shares traded during the day was in over 526 trades. The stock hit an intraday high of Rs and intraday low of 57. The net turnover during the day was Rs Date Weblink:

26 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 Rate Today Ads by Google 7/19/2018 Jindal Stainless Limited posts 2x jump in Q1 PAT - EquityBulls.com 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 The total number of shares traded during the day was in over 526 trades. The stock hit an intraday high of Rs and intraday low of 57. The net turnover during the day was Rs

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28 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 Weblink:

29 Jindal Stainless Limited posts 2x jump in Q1 PAT URL: Posted: Thu, 19 Jul :41:00 GMT [0 days ago] Keywords: Nickel Ore\Ferro Nickel Channel: Tags: Summary: Business Movement Nickel OreFerro Nickel After registering a robust turnaround in FY, Jindal Stainless Limited (JSL) achieved a strong revenue and sales growth in Q FY, despite being a seasonally low first quarter. The growth stemmed... Date Weblink:

30 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 Weblink:

31 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 Q1 FY17-18 Growth PAT % Net Revenue 3,147 2,015 56% EBIDTA % 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

32 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 Weblink: mln-rupees

33 India's Jindal Stainless Posts June Quarter Profit Mln Rupees Jindal Stainless Ltd JIST.NS : * JUNE QUARTER PROFIT MILLION RUPEES VERSUS MILLION RUPEES YEAR AGO * JUNE QUARTER REVENUE FROM OPERATIONS BILLION RUPEES VERSUS BILLION RUPEES YEAR AGO Date Weblink:

34 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 Weblink:

35 ज दल स ट नल स क म न फ द ग न बढ़कर 91 कर ड़ र पय च ल वत त वषर क पहल तम ह म ज दल स ट नल स ल मट ड (ज एसएल) क म न फ म पछल स ल क सम न तम ह क त लन म द ग न स अ धक क बढ़ तर दजर क गई ह म न फ कर ड़ र पय रह क पन न म गलव र क यह ज नक र द और कह क म न फ म व द ध क म ख य क रण बक र म आई त ज ह क पन न बत य क वत त वषर क पहल तम ह (अप र ल-ज न) म क पन क म न फ कर ड़ र पय थ ज एसएल न ब म ब स ट क एक सच ज म नय मक य फ इ ल ग म कह क सम ध न अव ध म उसक र जस व बढ़कर 3, कर ड़ र पय ह गय, जब क पछल वत त वषर क पहल तम ह म यह 2, कर ड़ र पय थ ज एसएल क प रब ध नद शक अभ य दय ज दल न कह, `ओ डश क ज जप र म हम र स य त र द नय क सबस आध नक स ट नल स स ट ल स य त र म स एक ह ज अत य ध नक स वध ओ स ल स ह ब ज र क ल कर हम र द ष टक ण बक र क अन क ल ह उन ह न कह, `हम नकट भ वष य म 0.8 एमट प ए स 1.1 एमट प ए तक मत बढ़ न ज रह ह क पन पछल द वत त वष स ज र ब हतर वत त य प रदशर न क आध र पर क प र ट ऋण प नगर ठन य जन (स ड आर) स ब हर नकलन क लए प त र बन गई ह कजर द त ओ क स घ न पहल ह क पन क लए स ड आर स नक स क सफ रश क ह और फलह ल म मल स ड आर फ रम म ल बत ह ` Date Weblink:

36 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.

37 Date Weblink:

38 Jindal Stainless Limited consolidates its position, posts 2x jump in Q1 PAT Q1 FY 19 key highlights Standalone (in Rs crore) Particulars Q1 FY Q1 FY17-18 Growth PAT % Net Revenue 3,147 2,015 56% EBIDTA % 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.

39 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 Weblink:

40 Jindal Stainless Limited consolidates its position, posts 2x jump in Q1 PAT Q1 FY 19 key highlights Particulars Q1 FY Q1 FY17-18 Growth Standalone (in Rs crore) PAT % Net Revenue 3,147 2,015 56% EBIDTA % 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

41 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.