Media coverage report JSHL Q1 Results

Transcription

1 Media coverage report JSHL Q1 Results

2 Jindal Stainless (Hisar) Limited Q1 Results Electronic Date Channel Programme Duration CNBCTV18 Chartbusters 04:32 Mins Online Date Headline Business-standard.com JSHL Apr-Jun net profit grows 7 pc to Rs 79 cr Timesofindia.indiatimes.com JSHL Apr-Jun net profit grows 7 pc to Rs 79 cr CNBCTV18.com Closing Bell: Sensex, Nifty end at record highs, Nifty PSU Bank at 6%, Yes Bank falls post Q1 results Reuters.com CARE ratings for Indian debt instruments Uniindia.com JSHL CARE rating upgrade from BBB+ to A Uniindia.com JSHL clocks Rs 79 cr PAT in Q1 of FY Moneycontrol.com JSHL April-June net profit grows 7% to Rs 79 crore Moneycontrol.com Buy Jindal Stainless; target of Rs 227: Kotak Securities Indiatoday.in JSHL Apr-Jun net profit grows 7 pc to Rs 79 cr Webindia123.com JSHL CARE rating upgrade from 'BBB+' to 'A-' Stocksmarket.in JSHL April-June net profit grows 7% to Rs 79 crore Devdiscourse.com Jindal Stainless Apr-Jun net profit grows 7 pct to Rs 79 cr India.com JSHL Apr-Jun net profit grows 7 pc to Rs 79 cr Newsjizz JSHL Apr-Jun net profit grew by 7 p.c. To Rs 79 cr

3 Electronic Date Channel CNBCTV18 Duration 04:32 mins

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6 Weblink: _1.html JSHL Apr-Jun net profit grows 7 pc to Rs 79 cr Jindal Stainless (Hisar) Ltd (JSHL) today said its standalone net profit grew by 6.73 per cent to Rs crore during the quarter ended on June 30, The company had posted Rs crore net profit during the same period a year ago, the stainless steel maker said in a BSE filing. However, its total income during April-June period of the ongoing fiscal fell to Rs 2, crore from Rs 2, crore in year-ago-period. JSHL's expenses during the said period were also lower at Rs 2, crore as against Rs 2, crore in April-June In a separate statement, the company said its performance remained steady in spite of a traditionally weak quarter. The demand for stainless steel flat products grew in all segments including railways, automobiles and infrastructure, coupled with a moderate enhancement in market size, it said. "Overall JSHL's key financial and operational performance remained steady in the first quarter. Despite a steep increase in nickel and electrode prices, we were able to report healthy margins owing to our focus on specialty products. The company's continued focus on specialty products will assist us in maintaining healthy margins going forward," Managing Director (MD) Abhyuday Jindal said in the statement. JSHL is the largest specialty stainless steel producer in India with a diversified value added product portfolio. Its stainless steel plant at Hisar, Haryana has a total melting capacity of 0.8 million tonnes per annum (MTPA). Shares of the company today ended 1.44 per cent up at Rs apiece on BSE. Weblink: cr/articleshow/ cms

7 JSHL Apr-Jun net profit grows 7 pc to Rs 79 cr Jindal Stainless (Hisar) Ltd (JSHL) today said its standalone net profit grew by 6.73 per cent to Rs crore during the quarter ended on June 30, The company had posted Rs crore net profit during the same period a year ago, the stainless steel maker said in a BSE filing. However, its total income during April-June period of the ongoing fiscal fell to Rs 2, crore from Rs 2, crore in year-ago-period. JSHL's expenses during the said period were also lower at Rs 2, crore as against Rs 2, crore in April-June In a separate statement, the company said its performance remained steady in spite of a traditionally weak quarter. The demand for stainless steel flat products grew in all segments including railways, automobiles and infrastructure, coupled with a moderate enhancement in market size, it said. "Overall JSHL's key financial and operational performance remained steady in the first quarter. Despite a steep increase in nickel and electrode prices, we were able to report healthy margins owing to our focus on specialty products. The company's continued focus on specialty products will assist us in maintaining healthy margins going forward," Managing Director (MD) Abhyuday Jindal said in the statement. JSHL is the largest specialty stainless steel producer in India with a diversified value added product portfolio. Its stainless steel plant at Hisar, Haryana has a total melting capacity of 0.8 million tonnes per annum (MTPA). Shares of the company today ended 1.44 per cent up at Rs apiece on BSE. Weblink:

8 Closing Bell: Sensex, Nifty end at record highs, Nifty PSU Bank at 6%, Yes Bank falls post Q1 results June quarter earnings: Bharti Airtel, Biocon, Dr Reddy's Labs, ITC, Maruti Suzuki, Yes Bank, CESC, Ajmera Realty, Alembic Pharmaceuticals, Bayer Cropscience, Bharat Financial Inclusion, Cholamandalam Investment, Colgate Palmolive, Container Corporation, Control Print, Essel Propack, Force Motors, HeidelbergCement, Jammu & Kashmir Bank, Jindal Stainless (Hisar), Lakshmi Vilas Bank, NIIT, Novartis, Orient Green Power, Petronet LNG, Quess Corp, SBI Life Insurance, Schaeffler, Shemaroo, Shriram Transport Finance, Star Cement, Tata Metaliks, Tata Power, Tata Coffee, Tinplate Company, City Union Bank. Weblink:

9 CARE ratings for Indian debt instruments Jindal Stainless (Hisar) Ltd ST Bk Fac(Non-FB) CARE A Revised from CARE A2 Jindal Stainless (Hisar) Ltd LT Bk Fac(TL) CARE A Revised from CARE BBB+ (reduced from 2,547 Crores) Jindal Stainless (Hisar) Ltd LT Bk Fac(FB) CARE A Revised from CARE BBB+ Weblink:

10 JSHL CARE rating upgrade from BBB+ to A- The ratings agency CARE upgraded the rating of stainless steel major, Jindal Stainless (Hisar) Ltd (JSHL), from 'BBB+' to 'A-'. Positive evaluations expressed by CARE through this rating upgrade for Jindal Stainless (Hisar) Ltd (JSHL) are a manifestation of the company's enhanced profitability and robust balance sheet, along with superior operational performance, a company statement here said. Commenting on this development, JSHL Managing Director Abhyuday Jindal said, ''We are pleased with the CARE rating upgrade. The outlook revision fortifies JSHL's strong financial profile, along with its ability to maintain adequate liquidity and exhibit efficient capital management. ''The rating elevation also reinforces the strong credentials of JSHL from both operational and financial perspectives,'' Mr Jindal added. Weblink:

11 JSHL clocks Rs 79 cr PAT in Q1 of FY19 Maintaining its momentum in the first quarter of FY 19, Jindal Stainless (Hisar) Ltd (JSHL) registered profit after tax (PAT) of Rs 79 crore, up by seven per cent over the corresponding period last year (CPLY). JSHL's performance remained steady, in spite of a traditionally weak quarter. Stainless steel flat products demand grew in all segments, including railways, automobiles and infrastructure, coupled with a moderate enhancement in market size. Sales volumes grew marginally by three per cent from 165,115 MT to 170,422 MT over CPLY. Net revenue for Q1 FY19 was at Rs 2,133 crore, marginally down from the levels of FY 18. However, the company maintained EBIDTA (Earnings before interest, taxes, depreciation and amortization) levels at Rs 252 crore in Q1 FY19. Weblink:

12 JSHL April-June net profit grows 7% to Rs 79 crore Jindal Stainless (Hisar) Ltd (JSHL) today said its standalone net profit grew by 6.73 per cent to Rs crore during the quarter ended on June 30, The company had posted Rs crore net profit during the same period a year ago, the stainless steel maker said in a BSE filing. However, its total income during April-June period of the ongoing fiscal fell to Rs 2, crore from Rs 2, crore in year-ago-period. JSHL's expenses during the said period were also lower at Rs 2, crore as against Rs 2, crore in April-June In a separate statement, the company said its performance remained steady in spite of a traditionally weak quarter. The demand for stainless steel flat products grew in all segments including railways, automobiles and infrastructure, coupled with a moderate enhancement in market size, it said. "Overall JSHL's key financial and operational performance remained steady in the first quarter. Despite a steep increase in nickel and electrode prices, we were able to report healthy margins owing to our focus on specialty products. The company's continued focus on specialty products will assist us in maintaining healthy margins going forward," Managing Director (MD) Abhyuday Jindal said in the statement. JSHL is the largest specialty stainless steel producer in India with a diversified value added product portfolio. Its stainless steel plant at Hisar, Haryana has a total melting capacity of 0.8 million tonnes per annum (MTPA). Shares of the company today ended 1.44 per cent up at Rs apiece on BSE. Weblink: /news/business/stocks/buy-jindal-stainless-target-of-rs-227-kotak-securities html

13 Buy Jindal Stainless; target of Rs 227: Kotak Securities Kotak Securities' research report on Jindal Stainless Hisar unit (JSHL) of Jindal stainless (JSL) has always been a profitable unit even in the turbulent times, despite being located in a landlocked area. Given JSHL's market position and 7.5% demand (improving infrastructure) CAGR for the next decade, we believe the group is well poised to capture higher market share. Besides this, the increase in contribution from VAP to 65% of the overall sales mix, will help the company to grow at 20% CAGR on earnings. We continue to remain positive on the company given its sustainable earnings, however strengthening dollar index and trade war could weigh on valuation multiples across the metal sector. Outlook We factor in the sharp fall in Jindal Stainless (JSL) price (36.6% stake)in our price target, We now value core business at 5x (earlier 6x) FY20E EV/EBITDA and investment in JSL (36.6% stake) at 25% holding company discount, thereby arriving at a revised target price of Rs227 (earlier Rs318). At CMP, the stock is trading at 3.0x/2.3x FY19E/FY20E EV/EBITDA. There could be upside risk to the price target if JSL price appreciates in the future. Weblink:

14 JSHL Apr-Jun net profit grows 7 pc to Rs 79 cr Jindal Stainless (Hisar) Ltd (JSHL) today said its standalone net profit grew by 6.73 per cent to Rs crore during the quarter ended on June 30, The company had posted Rs crore net profit during the same period a year ago, the stainless steel maker said in a BSE filing. However, its total income during April-June period of the ongoing fiscal fell to Rs 2, crore from Rs 2, crore in year-ago-period. JSHL's expenses during the said period were also lower at Rs 2, crore as against Rs 2, crore in April-June In a separate statement, the company said its performance remained steady in spite of a traditionally weak quarter. The demand for stainless steel flat products grew in all segments including railways, automobiles and infrastructure, coupled with a moderate enhancement in market size, it said. "Overall JSHL's key financial and operational performance remained steady in the first quarter. Despite a steep increase in nickel and electrode prices, we were able to report healthy margins owing to our focus on specialty products. The company's continued focus on specialty products will assist us in maintaining healthy margins going forward," Managing Director (MD) Abhyuday Jindal said in the statement. JSHL is the largest specialty stainless steel producer in India with a diversified value added product portfolio. Its stainless steel plant at Hisar, Haryana has a total melting capacity of 0.8 million tonnes per annum (MTPA). Shares of the company today ended 1.44 per cent up at Rs apiece on BSE. Weblink:

15 JSHL CARE rating upgrade from 'BBB+' to 'A-' The ratings agency CARE upgraded the rating of stainless steel major, Jindal Stainless (Hisar) Ltd (JSHL), from 'BBB+' to 'A-'. Positive evaluations expressed by CARE through this rating upgrade for Jindal Stainless (Hisar) Ltd (JSHL) are a manifestation of the company's enhanced profitability and robust balance sheet, along with superior operational performance, a company statement here said. Commenting on this development, JSHL Managing Director Abhyuday Jindal said, ''We are pleased with the CARE rating upgrade. The outlook revision fortifies JSHL's strong financial profile, along with its ability to maintain adequate liquidity and exhibit efficient capital management. ''The rating elevation also reinforces the strong credentials of JSHL from both operational and financial perspectives,'' Mr Jindal added. Date Weblink:

16 JSHL April-June net profit grows 7% to Rs 79 crore Jindal Stainless (Hisar) Ltd (JSHL) today said its standalone net profit grew by 6.73 per cent to Rs crore during the quarter ended on June 30, The company had posted Rs crore net profit during the same period a year ago, the stainless steel maker said in a BSE filing. However, its total income during April-June period of the ongoing fiscal fell to Rs 2, crore from Rs 2, crore in year-ago-period. JSHL s expenses during the said period were also lower at Rs 2, crore as against Rs 2, crore in April-June In a separate statement, the company said its performance remained steady in spite of a traditionally weak quarter. The demand for stainless steel flat products grew in all segments including railways, automobiles and infrastructure, coupled with a moderate enhancement in market size, it said. Overall JSHL s key financial and operational performance remained steady in the first quarter. Despite a steep increase in nickel and electrode prices, we were able to report healthy margins owing to our focus on specialty products. The company s continued focus on specialty products will assist us in maintaining healthy margins going forward, Managing Director (MD) Abhyuday Jindal said in the statement. JSHL is the largest specialty stainless steel producer in India with a diversified value added product portfolio. Its stainless steel plant at Hisar, Haryana has a total melting capacity of 0.8 million tonnes per annum (MTPA). Shares of the company today ended 1.44 per cent up at Rs apiece on BSE. Weblink:

17 Jindal Stainless Apr-Jun net profit grows 7 pct to Rs 79 cr Jindal Stainless (Hisar) Ltd (JSHL) today said its standalone net profit grew by 6.73 per cent to Rs crore during the quarter ended on June 30, Jindal Stainless (Hisar) Ltd (JSHL) today said its standalone net profit grew by 6.73 percent to Rs crore during the quarter ended on June 30, The company had posted Rs crore net profit during the same period a year ago, the stainless steel maker said in a BSE filing. However, its total income during April-June period of the ongoing fiscal fell to Rs 2, crore from Rs 2, crore in year-ago period. JSHL's expenses during the said period were also lower at Rs 2, crore as against Rs 2, crore in April-June In a separate statement, the company said its performance remained steady in spite of a traditionally weak quarter. The demand for stainless steel flat products grew in all segments including railways, automobiles, and infrastructure, coupled with a moderate enhancement in market size, it said. "Overall JSHL's key financial and operational performance remained steady in the first quarter. Despite a steep increase in nickel and electrode prices, we were able to report healthy margins owing to our focus on specialty products. The company's continued focus on specialty products will assist us in maintaining healthy margins going forward," Managing Director (MD) Abhyuday Jindal said in the statement. JSHL is the largest specialty stainless steel producer in India with a diversified value-added product portfolio. Its stainless steel plant at Hisar, Haryana has a total melting capacity of 0.8 million tonnes per annum (MTPA). Shares of the company today ended 1.44 percent up at Rs apiece on BSE. Weblink:

18 JSHL Apr-Jun net profit grows 7 pc to Rs 79 cr Jindal Stainless (Hisar) Ltd (JSHL) today said its standalone net profit grew by 6.73 per cent to Rs crore during the quarter ended on June 30, The company had posted Rs crore net profit during the same period a year ago, the stainless steel maker said in a BSE filing. However, its total income during April-June period of the ongoing fiscal fell to Rs 2, crore from Rs 2, crore in year-ago-period. JSHL s expenses during the said period were also lower at Rs 2, crore as against Rs 2, crore in April-June In a separate statement, the company said its performance remained steady in spite of a traditionally weak quarter. The demand for stainless steel flat products grew in all segments including railways, automobiles and infrastructure, coupled with a moderate enhancement in market size, it said. Overall JSHL s key financial and operational performance remained steady in the first quarter. Despite a steep increase in nickel and electrode prices, we were able to report healthy margins owing to our focus on specialty products. The company s continued focus on specialty products will assist us in maintaining healthy margins going forward, Managing Director (MD) Abhyuday Jindal said in the statement. JSHL is the largest specialty stainless steel producer in India with a diversified value added product portfolio. Its stainless steel plant at Hisar, Haryana has a total melting capacity of 0.8 million tonnes per annum (MTPA). Shares of the company today ended 1.44 per cent up at Rs apiece on BSE. Weblink:

19 JSHL Apr-Jun net profit grew by 7 p.c. To Rs 79 cr (Jindal Stainless (Hisar) Ltd (JSHL) said today that the stand-alone net profit in the quarter rose 6.73 percent to Rs crore ended on June 30, The company had Rs crore net profit recorded during the same period a year ago, said the stainless steel manufacturer in a BSE application. It however, total income in the period April-June of the current budget fell from Rs 2, crore to Rs 2, crore in the same period last year. JSHL's expenses in that period were also lower Rs 2, crore against Rs 2, crore in April-June In a separate statement, the company said its performance remained stable despite a traditionally weak quarter. Demand for flat stainless steel products grew in all segments, including railways, cars and infrastructure, coupled with a modest improvement in the number of excerpt, he said. " JSHL's main financial and operational performance remained stable in the first quarter and despite a sharp rise in the price of nickel and electrodes, we were able to report healthy margins due to our focus on special products. special products will help us maintain healthy margins," says Managing Director (MD) Abhyuday Jindal in the statement. JSHL is the largest specialized producer of stainless steel in India with a diversified product portfolio with added value. The stainless steel plant in Hisar, Haryana has a total melting capacity of 0.8 million tons per year (MTPA). The company's shares today ended up 1.44 percent higher than Rs each for BSE.