Jindal Stainless Limited · NSE:JSL
Jindal Stainless — Q3 FY24 Earnings Presentation
17 slides from Jindal Stainless's earnings presentation, Jan 18, 2024
Slide 1: Regulation 30 intimation to stock exchanges
J5LR'ft JINDAL STAINLESS 18 th January, 2024 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 -
Slide 2: Q3 & 9M FY24 Earnings Presentation
JINDAL STAINLESS LTD Q3 & 9M FY24 Earnings Presentation January 18, 2024
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 Composition Q3 FY24 Sales Volume (‘000 MT) Export 1,604 12% 1,257 544 512 Domestic 468 88% Q3 FY23 Q2 FY24 Q3 FY24 9M FY23 9M FY24 Shift (%) QoQ: -6% YoY: 9% 28% Sales Composition 9M FY24 Export 14% • Delivered strong nine months performance in FY24 on a YoY basis. •
Slide 6: Key Financials Highlights
Key Financials Highlights Net Revenue EBITDA 3,208 28,835 25,586 2,470 9,001 9,720 9,088 947 1,070 1,021 Q3 FY23 Q2 FY24 Q3 FY24 9M FY23 9M FY24 Q3 FY23 Q2 FY24 Q3 FY24 9M FY23 9M FY24 Shift (%) QoQ: -7% YoY: 1% 13% Shift (%) QoQ: -5% YoY: 8% 30% PAT 2,054 Domestic demand for stainless steel continu
Slide 7: Debt Position & Key Ratios
Debt Position & Key Ratios As on As on As on Borrowings (Standalone) Net Debt/Equity Dec March March (INR crore) 2023 2023 2022 Debt 0.3 Long term debt 3417 3,012 2,685 0.2 0.2 Short term debt 766 477 714 Total Debt 4,182 3,489 3,400 Cash & Bank balances 1,097 898 220 Mar'22 Mar'23 Dec'23 Net Debt 3
Slide 8: JUSL Performance
JUSL Performance EBITDA Interest cost 836 236 712 213 208 590 FY22 FY23 TTM* FY22 FY23 TTM* PAT Net Debt 354 2,030 1,956 1539 258 148 FY 22 FY23 Dec’23 FY22 FY23 TTM* 8 All figures in INR. crore unless stated otherwise *TTM: Trailing Twelve Months as of 31st December 2023
Slide 9: Market Update
Market Update Railways – wagons, coaches Metros Infrastructure Process Industry • Strong demand for Wagons and • Robust economic activities in passenger coaches owing to infrastructure supported demand; increasing orders from Railways Outlook remains positive with strong • Positive outlook owing to
Slide 10: Key Raw Materials- Price trend
Key Raw Materials- Price trend Nickel (USD/ MT) 25,983 25,292 22,063 22,308 20,401 17,247 Q2FY23 Q3FY23 Q4FY23 Q1FY24 Q2FY24 Q3FY24 Note: Average quarterly prices; Source: LME Ferrochrome (INR/ MT) 115,115 107,473 110,071 109,588 100,558 97,073 Q2FY23 Q3FY23 Q4FY23 Q1FY24 Q2FY24 Q3FY24 10 Note: Aver
Slide 11: Q3 & 9M FY24 Earnings call
Q3 & 9M FY24 Earnings call CONCALL INVITE B&K Securities shall hold a Conference Call of Jindal Stainless Ltd. to discuss the 3Q & 9MFY24 Results on Friday, 19th January 2024 at 16:00 hrs IST Represented by Senior Management of Jindal Stainless Limited Diamond Pass registration link: Copy this Link
Slide 12: Annexure
Annexure 11
Slide 13: Abridged P&L Statement (Standalone)
Abridged P&L Statement (Standalone) YoY QoQ YoY Particular (Rs. crore) Q3FY24 Q3FY23 Q2FY24 9MFY24 9MFY23 Change (%) Change (%) Change (%) Revenue from operations 9,088 9,001 1% 9,720 (7%) 28,835 25,586 13% Total Expenditure 8,067 8,054 0% 8,650 (7%) 25,627 23,116 11% EBITDA 1,021 947 8% 1,070 (5%)
Slide 14: Abridged P&L Statement (Consolidated)
Abridged P&L Statement (Consolidated) YoY QoQ YoY Particular (Rs. crore) Q3FY24 Q3FY23 Q2FY24 9MFY24 9MFY23 Change (%) Change (%) Change (%) Revenue from operations 9,127 9,063 1% 9,797 (7%) 29,108 25,932 12% Total Expenditure 7,881 8,194 (4%) 8,566 (8%) 25,439 23,490 8% EBITDA 1,246 868 44% 1,231 1
Slide 15: Shareholding Pattern
Shareholding Pattern 14 Shareholding pattern for the period ended 31st December 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