Q1FY21 results: Jindal Stainless records net loss of Rs 123.99 crore

Q1FY21 results: Jindal Stainless records net loss of Rs 123.99 crore

Ganesh V
/ Categories: Trending, Quarterly Results

Jindal Stainless Ltd announced its Q1FY21 results on Sep 8, 2020.  The consolidated net loss in Q1FY21 came in at Rs 123.99 crore, which declined by 360.37 per cent, as compared to Q1FY20, when it reported a profit of Rs 47.62 crore.

The company reported consolidated net sales of Rs 1376.06 crore in Q1FY21, which declined by 57.83 per cent YoY from Rs 3263.32 crore in Q1FY20.

The company posted EBITDA of Rs 64.02 crore in Q1FY21 that decreased by 78.65 per cent YoY. For Q1FY20, it had posted EBITDA of Rs 299.85 crore.

EBITDA margin as of Q1FY21 was at 4.65 per cent that declined by 4.54 per cent YoY. EBITDA margin for Q1FY20 was 9.19 per cent. The net profit margin in Q1FY21 came in at -9.01 per cent, which declined by 10.47 per cent YoY. The net profit margin for Q1FY20 was 1.46 per cent.

On Wednesday, share price of the company at 11.54 am was trading at Rs 43.45, up 2.80 by per cent. 

Particulars

Q1FY21 (Rs in cr)

Q1FY20 (Rs in cr)

Per cent change

Net Profit(loss)

(123.99)

47.62

-360.37

Net Revenue

1,376.06

3,263.32

-57.83

Operating Profit

64.02

299.85

-78.65

EBITDAM%

4.65

9.19

-4.54

PATM%

-9.01

1.46

-10.47

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