Jindal Stainless Limited · NSE:JSL
Jindal Stainless — Q2 FY24 Earnings Presentation
17 slides from Jindal Stainless's earnings presentation, Oct 19, 2023
Slide 1: Jindal Stainless exchange intimation letter
JINDAL STAINLESS In\ 19th October, 2023 BSE Limited National Stock Exchange of India Ltd. Corporate Relationship Department, Exchange Plaza, 5th Floor, 1st Floor, New Trading Ring, Plot no. C/1, G Block Rotunda Building, P J Towers, Bandra-Kurla Complex, Bandra (E), Dalal Street, Fort, Mumbai - 400
Slide 2: Jindal Stainless Ltd Q2 & H1 FY24 Earnings Presentation
JINDAL STAINLESS LTD Q2 & H1 FY24 Earnings Presentation October 19, 2023
Slide 3: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”), which has been prepared by Jindal Stainless Limited (referred to “respective company (ies)”) for this joint earning presentation, are purely for information purposes only and is not, and is not intended to be, an offer, o
Slide 4: Standalone Operational and Financial Performance
Standalone Operational and 3 Financial Performance
Slide 5: Key Financials Highlights
Key Financials Highlights Sales Volume (‘000 MT) Sales Composition Q2 FY24 1,092 Export 13% 789 549 544 433 Domestic 87% Q2 FY23 Q1 FY24 Q2 FY24 H1 FY23 H1 FY24 Shift (%) QoQ: -1% YoY: 26% 38% Sales Composition H1 FY24 Export 15% Domestic demand for stainless steel continued to rise. Ahead of the up
Slide 6: Key Financials Highlights
Key Financials Highlights Net Revenue EBITDA 2,188 19,748 16,585 1,523 1,118 1,070 8,556 10,027 9,720 695 Q2 FY23 Q1 FY24 Q2 FY24 H1 FY23 H1 FY24 Q2 FY23 Q1 FY24 Q2 FY24 H1 FY23 H1 FY24 Shift (%) QoQ: -3% YoY: 14% 19% Shift (%) QoQ: -4% YoY: 54% 44% PAT 1,275 803 Maintained sales with continuous eff
Slide 7: Debt Position & Key Ratios
Debt Position & Key Ratios As on As on As on Borrowings (Standalone) Net Debt/Equity Sept March March (INR crore) 2023 2023 2022 Debt 0.3 Long term debt 2,982 3,012 2,685 0.2 0.2 Short term debt 435 477 714 Total Debt 3,417 3,489 3,400 Cash & Bank balances 1,268 898 220 Mar'22 Mar'23 Sept'23 Net Deb
Slide 8: JUSL Performance
JUSL Performance EBITDA Interest cost 845 236 712 213 214 590 FY22 FY23 TTM* FY22 FY23 TTM* Shift (%) YoY: 19% Shift (%) YoY: 1% PAT Net Debt 356 2,030 1,956 1,936 258 148 FY22 FY23 TTM* Mar'22 Mar'23 Sept'23 Shift (%) YoY: 38% Shift (%) YoY: -1% 7 All figures in INR. crore unless stated otherwise *
Slide 9: Market Update
Market Update Railways – wagons, coaches, metros Infrastructure Process Industry • Strong demand for Wagons owing to • Robust economic activities in increasing orders from Railways infrastructure supported demand; • Positive outlook in Q3 owing to • Focus on passenger and Metro Outlook remains posit
Slide 10: Key Raw Materials- Price trend
Key Raw Materials- Price trend 25,292 Nickel (USD/ MT) 22,063 25,983 22,308 20,401 Q2FY23 Q3FY23 Q4FY23 Q1FY24 Q2FY24 Note: Average quarterly prices; Source: LME Ferrochrome (INR/ MT) 115,115 107,473 110,071 100,558 97,073 Q2FY23 Q3FY23 Q4FY23 Q1FY24 Q2FY24 9 Note: Average quarterly prices; Source:
Slide 11: Q2 & H1 FY24 Earnings call
Q2 & H1 FY24 Earnings call is pleased to invite you to the Q2 & H1FY24 Results Conference Call of Represented by \ Senior Management on Friday, October 20, 2023 at 15:30 hrs India Time Diamond Pass registration link: Copy this Link in your browser: Link Call Co-ordinator Mr. Amit Dixit: Phone: +91 2
Slide 12: Annexure
Annexure 11
Slide 13: Abridged P&L Statement (Standalone)
Abridged P&L Statement (Standalone) YoY QoQ YoY Q2 Q2 Q1 H1 H1 Particular (Rs. crore) FY24 FY23 Change (%) FY24 Change (%) FY24 FY23 Change (%) Revenue from operations 9,720 8,556 14% 10,027 (3%) 19,748 16,585 19% Total Expenditure 8,651 7,862 10% 8,910 (3%) 17,560 15,062 17% EBITDA 1,070 695 54% 1,
Slide 14: Abridged P&L Statement (Consolidated)
Abridged P&L Statement (Consolidated) YoY QoQ YoY Q2 Q2 Q1 H1 H1 Particular (Rs. crore) FY24 FY23 Change (%) FY24 Change (%) FY24 FY23 Change (%) Revenue from operations 9,797 8,751 12% 10,184 (4%) 19,981 16,869 (40%) Total Expenditure 8,566 8,066 6% 8,992 (5%) 17,558 15,296 (41%) EBITDA 1,231 685 8
Slide 15: Shareholding Pattern
Shareholding Pattern Floating Stock (%) FII 24.0% Promoters Other 57.9% 42.1% Retail & Others 12.7% DII 5.4% 14 Shareholding pattern for the period ended 30th September 2023
Slide 16: Contact Us
Contact Us About Us: India’s leading stainless steel manufacturer, Jindal Stainless, has an annual turnover of INR 35,700 crore (US $4.30 billion) in FY23, and is ramping up its facilities to reach 3 million tonnes of annual melt capacity in FY24. It has two stainless steel manufacturing facilities
Slide 17: Thank You
Thank You 16