Jindal Stainless (Hisar) Q4 FY22 remains almost flat YoY at 1.78 lakh MT

13 Apr 2022 , 03:51 PM

Domestic demand rose across segments like railways, lifts and elevators. However, an increase in raw material prices led to channel de-stocking in key consumer facing segments like hollowware and pipe and tubes. Moreover, substandard stainless steel products from China and Indonesia continued to flood the domestic market.

JSHL maintained its focus on niche product segments and maintained a healthy product mix. Riding on its globally accepted quality products and a robust supply chain, the company more than doubled its exports which stood at 18% in Q4 FY22 despite high volatility in global markets.

JSHL is an integrated stainless steel plant with a melting capacity of 8,00,000 tonnes per annum. It is also the worlds largest producer of stainless steel strips for razor blades and Indias largest producer of coin blanks, serving the needs of Indian and international mints. Its specialty product division caters to the high-end precision and specialty stainless steel requirements of reputed Indian and international customers.

Shares of Jindal Stainless (Hisar) rose 0.25% to Rs 383.90 on BSE. On a consolidated basis, JSHLs net profit rose 90.58% to Rs 513.68 crore on 32.63% rise in net sales to Rs 4173.43 crore in Q3 December 2021 over Q3 December 2020.

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