Jindal Stainless (Hisar) Ltd's Q4FY18 standalone net profit rises 58.9% yoy to Rs96cr

The company’s standalone revenue stood at Rs2,253cr, up 0.9% yoy but down 7.6% qoq

Apr 26, 2018 11:04 IST India Infoline Research Team

Jindal Stainless (Hisar) Ltd Q4FY18

Standalone Results Q4FY18: (Rs. in cr)

Q4FY18 YoY (%)
Revenue 2,253 0.9
EBITDA 286 20.2
EBITDA Margin (%) 12.7 204
Net Profit (adjusted) 96 58.9
***EBITDA margin change is bps
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Buy

Reco. Price

195

Last updated on

23-Apr-2018



Jindal Stainless (Hisar) reported flat revenues but strong earnings growth for Q4FY18. Revenue grew by 0.9% yoy to Rs2,253cr. EBITDA stood at Rs286cr, up 20.2% yoy. EBIDTA margin rose by 204bps yoy to 12.7%. Net Profit stood at Rs96cr up 59% yoy.
  • Gross margins for the quarter stood at 36.4% against 34% in Q3FY18.
  • Tax Rate for Q4FY18 stood at 36.7% against 29.6% for Q4FY17.
  • Consolidated revenue for FY18 stood at Rs10,563cr, an increase of 23.7% yoy. Consolidated Net Profit over the same period grew to Rs578cr, an increase of 101.6%.
  • Sales volumes grew by 13% yoy to 7.4 lakh tonnes in FY18.
  • Jindal Stainless Steelway Limited reported FY18 sales and EBITDA up 14% yoy and 37% yoy respectively.
  • JSL Lifestyle saw FY18 sales and EBITDA up 74% yoy and 266% yoy respectively.

Technical View:

Jindal Stainless (Hisar) Ltd is currently trading at Rs. 185.65, down by 4.1 points or 2.16% from its previous closing of Rs. 189.75 on the BSE.
The scrip opened at Rs. 191.10 and has touched a high and low of Rs. 191.10 and Rs. 183.55 respectively. So far 7,76,403 (NSE+BSE) shares were traded on the counter. The stock is currently trading below its 200 DMA.

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