Jindal Steel & Power Ltd (NSE:JINDALSTEL)
₹ 1051.05 15.7 (1.52%) Market Cap: 1.06 Til Enterprise Value: 1.18 Til PE Ratio: 24.80 PB Ratio: 2.35 GF Score: 87/100
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Full Year 2024 Jindal Steel And Power Ltd Earnings Call Transcript

May 13, 2024 / 12:30PM GMT
Release Date Price: ₹939.45 (+0.96%)

Key Points

Positve
  • Sales volume increased by 11% quarter-on-quarter, reaching 2.01 million tonnes.
  • Export share rose significantly to 11% in Q4 from 3% in the previous quarter.
  • Adjusted EBITDA for the year increased by 5% to INR10,231 crores due to lower costs and a better product mix.
  • PAT for the year surged by 86% to INR5,943 crores from the previous year.
  • The Board recommended a dividend of INR2 per share for the financial year.
Negative
  • Steel realization was down by 5% quarter-on-quarter.
  • Adjusted EBITDA for Q4 was 10% lower on a quarter-on-quarter basis due to lower sales realization.
  • PAT for Q4 dropped by 52% quarter-on-quarter, impacted by lower EBITDA and an impairment provision of INR360 crores on the Australian mine.
  • Consolidated net debt increased to INR11,203 crores from INR9,115 crores in the last quarter, mainly to support capex expenditure.
  • The Australian mine remains under care and maintenance, with an impairment of INR360 crores taken for the quarter.
Operator

Ladies and gentlemen, good day, and welcome to Jindal Steel & Power Q4 FY24 earnings conference call hosted by JM Financial. (Operator instructions) Please note that this conference is being recorded.

I now hand the conference over to Mr. Ashutosh Somani. Thank you, and over to you, Sir.

Ashutosh Somani
JM Financia - Analyst

Yeah. Thanks, operator, and welcome, everyone, to the call. I will first thanks JSP for giving JM Financial Institutional Securities Limited the opportunity to host today's call. Without much ado, I'll hand over the call to Mr. Vishal Chandak, Head Investor Relations and Strategic Finance, to introduce the management. Over to you, Sir.

Vishal Chandak
Jindal Steel And Power Ltd - Head - Investor Relations

So sorry to interrupt. One of the chair speaker line has been dropped. I'II reconnect the management line back.

Operator;Vishal Chandak<

Ladies and gentlemen, we have reconnected the management line back. Please go ahead sir.

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