Jindal Stainless Ltd (JSL)

Jindal Stainless Reports Decline in Q4FY24 Net Profit Amid Weak International Demand - 16 May, 2024

Jindal Stainless Ltd.'s Q4FY24 net profit declined by up to 34.6% YoY due to weak international demand, falling nickel prices, and rising shipping costs. The company's shares also fell by 8.47%. However, the full fiscal year ending March 2024 saw an increase in consolidated revenue, EBITDA, and profit after tax. The company has earmarked a capex of Rs 4,700 crore for FY25, which would be used for expansion plans.

Jindal Stainless Plans Capex & Sales Growth Amid Dip in Q4 Profit - 15 May, 2024

Jindal Stainless Ltd plans to spend over Rs 5,000 crore on capex this year and targets a 20% growth in sales volume. However, the company reported a dip of 34.6% YoY in Q4 net profit to Rs 500.7 crore, while revenue from operations fell 3.2% to Rs 9,454 crore.

Jindal Stainless Supplies Steel for India's First Vande Metro Train - 14 May, 2024

Jindal Stainless has supplied tempered 201LN grade high-strength stainless steel for India's first Vande Metro train, reducing carbon footprint and providing best-in-class safety to passengers. Shares of Jindal Stainless closed 4.4% higher at ₹710 apiece on the NSE.

Jindal Stainless Ltd Falls for Fifth Straight Session - 09 May, 2024

Jindal Stainless Ltd's stock has fallen by 1.5% to Rs 683.2 on the NSE, marking its fifth straight session of decline. The company has eased around 2.18% in the last month and is currently trading at a PE ratio of 21.05 based on TTM earnings ending December 23.

Jindal Stainless Supplies Special Alloy Steel Sheets for Navy's SMART System - 08 May, 2024

Jindal Stainless has supplied 3mm special alloy steel sheets for the Supersonic Missile-Assisted Release of Torpedo (SMART) system, enhancing the Navys anti-submarine warfare capabilities. The company has developed and supplied material for key projects under DRDO and ISRO in the past. Jindal Stainless had an annual turnover of ₹35,700 crore in FY23 and has seven manufacturing facilities worldwide. Shares have gained over 22% since the beginning of the year and risen over 142% in the last one year.

Jindal Stainless Develops & Supplies Alloy Steel Sheets for SMART System - 07 May, 2024

Jindal Stainless has developed and supplied specialised grade sheets for structural application in the Supersonic Missile-Assisted Release of Torpedo (SMART) system to enhance the Navys anti-submarine warfare capabilities. However, Jindal Stainless Ltd's shares dropped by 2.89% on the BSE.

Jindal Stainless Announces Rs 5,400 Crore Investment Plan - 02 May, 2024

Jindal Stainless plans to become a global leader in stainless steel through a three-pronged investment strategy worth Rs 5,400 crore, including downstream capacity expansion, acquisition of Chromeni Steels, and joint venture for SMS development in Indonesia.

Jindal Stainless Announces Major Expansion Plans - 01 May, 2024

Jindal Stainless plans to invest nearly Rs 5,400 crore in a three-pronged investment strategy for its melting and downstream capacities. The company will enter into a joint venture in Indonesia for developing and operating a stainless steel melt shop with an annual production capacity of 1.2 MTPA. Additionally, the company will acquire a 54% stake in Chromeni Steels Private Limited and expand its downstream lines in Jajpur, Odisha.

Jindal Stainless Ltd Rises 1.3% Amidst S&P BSE Metal Index Surge - 29 Apr, 2024

Jindal Stainless Ltd rose 1.3% to trade at Rs 710.1 amidst a surge in the S&P BSE Metal index, which is up 12.54% over the last month and went up 57.6% over the last year compared to the benchmark SENSEX's 21.06% surge. The stock hit a record high of Rs 747.9 on April 24, 2024, and a 52-week low of Rs 270.55 on May 15, 2023.

Jindal Stainless Stock Up on NSE - 24 Apr, 2024

Jindal Stainless Ltd's stock is up by 2.17% on the NSE and has a PE ratio of 21.99 based on TTM earnings ending December 23.

Jindal Stainless Stock Up 2.91% - 22 Apr, 2024

Jindal Stainless Ltd's stock is up by 2.91% on the NSE, trading at Rs 712.75. The company has also secured the 9th spot among the top 25 shareholder returns with an impressive 5-year annualized TSR of 76%.

Jindal Stainless Reduces 2.4 Lakh Tonnes of Carbon Emissions - 17 Apr, 2024

Jindal Stainless Ltd has successfully reduced 2.4 lakh tonnes of CO2 emissions in the last two fiscal years, bringing it closer to carbon neutrality and responsible manufacturing. The company plans to generate over 1.9 billion units of clean electricity per annum with a target to reduce over 13.52 lakh tonnes of carbon emissions annually by 2050. JSL has also joined the SBTi initiative to develop measures for meeting its net-zero emission targets.