JSPL Announces Results for July-September Quarter
Time:Thu, 07 Nov 2019 05:09:07 +0800
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Despite of being traditionally the weakest quarter due to lack of construction activity during rains, on back of Angul production ramp up, JSPL Standalone reported a rise in production of 16% YoY for Steel & related products to 1.58 million tonnes (1.36 million tonnes in 2QFY19) and sales during 2QFY19 of 1.46 million tonnes (up 10% YoY). Crude Steel production in Standalone rose to 1.44 million tonnes (up 11% YoY) while sales were at 1.33 million tonnes (up 5% YoY). On the back of a varied product portfolio & sustained efforts to market & sell Value-added, the revenues for JSPL Standalone came in at INR 6,573 crore, while EBITDA was reported at INR 1,255 crore. In 2QFY20, while Rail Universal Beam Mill continues to generate volumes more than double as compared to the same period last year, ,the plate mills continued to roll out plates at the same intensity quarter on quarter.
JSPL Standalone 2QFY20 Performance YoY
Turnover: INR 6,573 crore
EBITDA: INR 1,255 crore
EBITDA Margin: 19%
Steel and related products production: 1.58 million tonnes up 16% YoY
Steel and related products sales: 1.46 million tonnes up 10% YoY
Crude Steel production: 1.44 million tonnes up 11% YoY
Crude Steel sales: 1.33 million tonnes up 5% YoY
JSPL Consolidated 2QFY20 Performance YoY
Turnover: INR 8,939 crore
EBITDA: INR 1,642 crore
EBITDA Margin: 18%
EBITDA Oman: USD 16 million
Crude Steel Production: 1.84 million tonnes; up 10% YoY
Crude Steel Sales: 1.70 million tonnes; down 3% YoY
