Jindal Steel and Power Limited (JINDALSTEL) is an India-based steel producer. The Company’s segments include Iron & Steel, Power and Other. The Other segment consists of aviation services and machinery division. The Company’s product portfolio consists of steel product mix, construction solutions, and construction material and solutions. Its steel product mix category includes rails and head hardened rails, parallel flange beams and columns, angles and channels, plates, coils and wire rods.
Its construction solutions category includes fabricated steel section, speedfloor, light gauge structures, insulated dry wall panel and Jindal Global Road Stabilizers (JGRS). Its construction material and solutions
category includes Jindal Panther Cement, FlyAsh Bricks and Light Weight Aggregate (LWA). It has an installed steel-making capacity of over 6.75 million tons per annum (MTPA); an installed power generation
capacity of approximately 5,060 megawatts, and pellet-making capacity of over nine MTPA.
JSP 2QFY23 Consolidated gross Revenues rose 5% Q-o-Q to INR 15,534Cr, largely on improvement in standalone revenues. Adjusted EBITDA of INR 1,519Cr** was lower by 49% Q-o-Q. 2QFY23 Profit after tax (before exceptional) declined by 54% Q-o-Q to INR 892Cr. Reported Profit after tax (PAT) stood at INR 219Cr.
On the treasury front, JSP has prepaid its entire overseas long term debt & even refinanced a portion
of its standalone debt. JSP’s consolidated net debt further reduced to INR 7,054 Cr on the back of these
repayments as well as working capital release. Net Debt to EBITDA (LTM) as on 30th Sept is 0.62x.