Jindal Stainless logs 23% yoy growth in sales volume for FY22

13 Apr 2022 , 02:38 PM

Jindal Stainless Limited’s total sales volume for FY22 stood at 1,011,292 MT, up by 23% yoy. During Q4FY22, Company’s sales volume was reported at 269,168 metric tonnes (MT), registering an uptick of 9% on QoQ and 6% on yoy basis.

The sales volume was on the back of JSL’s agile supply chain and a flexible product mix with a focus on value-added product segments. Despite volatility and global disruptions in raw material supply and logistics, JSL effectively managed to accelerate its exports. Company’s export sales proportion doubled to 32% of sales volumes in Q4FY22 as compared to 16% Q4FY21.

The domestic market continued to be impacted negatively due to cheap stainless-steel imports from China and Indonesia in Q4FY22. Domestic demand was boosted in segments like lifts and elevators and railways. However, demand in consumer-facing segments like hollowware and pipe and tubes remained subdued due to channel de-stocking, owing to an increase in raw material prices.

Jindal Stainless is currently trading at Rs202.35 down by Rs0.5 or 0.25% from its previous closing of Rs202.85 on the BSE. Its scrip has touched day’s high and low of Rs204.60 and Rs201.50 respectively.