*Jindal Stainless (Hisar) Ltd.* | *CMP* Rs. 49 | *M Cap* Rs. 1154 Cr | *52 W H/L* 92/30
(Nirmal Bang Retail Research)
*Result had decline*
Revenue from Operations came at Rs. 2246.1 Cr (-9.6% QoQ, -17.4% YoY) vs , QoQ Rs. 2484.1 Cr, YoY Rs. 2718.3 Cr
EBIDTA came at Rs. 182.4 Cr (-21.4% QoQ, -25.5% YoY) vs QoQ Rs. 232 Cr, YoY Rs. 245 Cr
EBITDA Margin came at 8.1% v/s 9.4% QoQ, 9.01% YoY.
Adj. PAT came at Rs. 108.4 Cr vs , QoQ Rs. 71.2 Cr, YoY Rs. 80.6 Cr, the increase in PAT is due to the adoption of new tax regime, there has been a positive impact on tax expenses of Rs 57 crore during the quarter.
Quarter EPS is Rs. 4.6
Share is trading at P/E of 3.1x FY21EPS