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Jindal Stainless Ltd.’s Q4 FY21 performance was better than our estimates on all fronts.
Topline of consolidated operations for Q4 FY21 was at Rs 3914 crore (up 26% YoY, 9% QoQ), higher than our estimate of Rs 3606 crore.
For Q4 FY21, the company reported consolidated Ebitda of Rs 542 crore, up 145% YoY, higher than our estimate of Rs 478 crore.
Ensuing consolidated profit after tax of the company for Q4 FY21 was at Rs 293 crore (higher than our estimate of Rs 181 crore).
In terms of key development, the merger process of Jindal Stainless Hisar Ltd. into Jindal Steel is progressing well and is expected to be completed in H2 FY22.
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