JSPL Announces Results for 2019-20
Time:Tue, 26 May 2020 05:59:50 +0800
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Jindal Steel & Power Limited continued its march in ramping up production & sales in the financial year ending March’20, reporting the ever highest steel production and sales volumes. The year gone by saw the company better not only on the volume front but also on the product mix which made it more resilient and nimble for the uncertainty and difficult times whi ch wrapped the world during the latter part of the reported quarter. In a quarter which was marked initially by improving realization and where the latter part saw steel demand going down globally, the Gross Revenue for JSPL Standalone came in at INR 6,767 Crore. With the spread of Covid-19 in the months of Jan-Feb outside of China, the Company decided to build its raw material inventory which helped it to continue production through a period of lockdown announced in the last week of March by the Government of India. On the back of increased realizations, supported slightly by falling costs, JSPL Standalone reported EBITDA at INR 1,562 Crore, a rise of 8% QoQ.
While the steel prices in India saw tremendous volatility through the year, JSPL Standalone Gross revenue in FY20 came at inr 30,021 Crore, down 6% YoY). JSPL Standalone reported EBITDA at INR 5,777 Crore for FY20, down 4% YoY in FY19
Steel including pig iron
|
Heading
|
Q4'19-20
|
Q4'18-19
|
YoY
|
2019-20
|
2018-19
|
YoY
|
|
PRODUCTION
|
1.54
|
1.57
|
-2%
|
6.30
|
5.59
|
+ 13%
|
|
SALES
|
1.40
|
1.52
|
-8%
|
6.06
|
5.41
|
+ 12%
|
|
|
In million tonnes
