26 Jul 2022 , 11:08 AM
For Q1FY23, the volumes and pricing remained robust but the impact was more on the bottom line. In fact, while sales were higher on a yoy basis, it was sharply lower compared to the March 2022 quarter.
Hence, despite a lower debt equity ratio, the company saw its debt service coverage ratio take a hit. However, the interest service coverage ratio improved during the latest quarter, albeit marginal.
For the quarter, the operating margins stood at 10.02% compared to 14.90% in the year ago period and 12.82% in sequential quarter due to a spike in material and power, transport and fuel costs.
Net margins were 5.87% in Q1FY23 quarter compared to 7.64% in Q1FY22. NPM was lower as compared to 11.32% in Q4FY22.
Financial highlights for Jun-22 compared yoy and sequentially
Jindal Stainless | |||||
Rs in Crore | Jun-22 | Jun-21 | YOY | Mar-22 | QOQ |
Total Income (Rs cr) | ₹ 5,474.12 | ₹ 4,032.72 | 35.74% | ₹ 6,563.51 | -16.60% |
Net Profit (Rs cr) | ₹ 321.32 | ₹ 307.99 | 4.33% | ₹ 742.87 | -56.75% |
Diluted EPS (Rs) | ₹ 6.11 | ₹ 5.96 | ₹ 14.16 | ||
Net Margins | 5.87% | 7.64% | 11.32% |
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