Analysis of Jindal Stainless Financial Report in Q4 FY24 📈
Let’s delve into the financial report of Jindal Stainless for the fourth quarter of the financial year 2024 to understand the key highlights and trends shaping the company’s performance. From net profit to revenue and dividends, we will analyze the numbers and figures that define the company’s financial health and outlook.
Key Financial Highlights 🌟
– Jindal Stainless reported a net profit of Rs 501 crore for the quarter ended March 31, 2024.
– This represents a 30% decrease compared to the profit after tax (PAT) reported in the same period last year.
– The consolidated revenue from operations was recorded at Rs 9,454 crore for the quarter, reflecting a 3.2% year-on-year (YoY) decline.
Dividend Recommendation 💸
– The company’s Board proposed a final dividend of Rs 2 per equity share for the financial year that ended on March 31, 2024.
Financial Performance Comparison 🔍
– Sequentially, the net profit was down by over 27% compared to the previous quarter, while revenue witnessed a 3.6% increase.
– For the full financial year, the PAT showed a 29% YoY growth, reaching Rs 2,693 crore, and revenue saw an 8% YoY increase, amounting to Rs 38,562.47 crore.
EBITDA and Sales Volume Analysis 📊
– Consolidated Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) stood at Rs 1,035 crore, marking a 10% YoY decrease.
– On a standalone basis, the company reported a PAT of Rs 476 crore, down by 28% YoY, with net revenue almost consistent YoY.
– The sales volume for the reported quarter was 5,70,362 tonnes, showing a 12% YoY increase.
– Standalone EBITDA was Rs 827 crore, down 25% YoY, while standalone sales volume for the full year increased by 23% YoY to 21,74,610 tonnes.
Debt Position and Ratio Analysis 💰
– The net debt for the reported quarter on a standalone basis was Rs 2,418 crore, with a net debt-to-equity ratio of 0.18.
Hot Take 🚀
By analyzing Jindal Stainless’ financial report, it is evident that the company witnessed a decrease in net profit for the quarter but managed to show growth in revenue on a yearly basis. Despite facing challenges, the company’s dividend recommendation reflects its commitment to shareholders. With a focus on managing debt levels and optimizing sales volumes, Jindal Stainless aims to navigate through the evolving market dynamics and emerge resilient in the stainless steel sector.
By
By
By
By