Jindal Stainless Limited (JSL) announced its financial results for Q3 FY25, reporting an 8.5% year-on-year (YoY) increase in consolidated net revenue to ₹9,907 crore. The company’s standalone net revenue for the quarter stood at ₹10,066 crore, reflecting a 10.8% YoY growth.
Key Highlights:
- Standalone Performance:
- Sales volume: 5,87,658 tonnes, up 14.8% YoY.
- Net revenue: ₹10,066 crore, up 10.8% YoY.
- EBITDA: ₹1,003 crore, down 1.7% YoY.
- Profit after tax (PAT): ₹619 crore, down 20.6% YoY.
- Net debt: ₹3,344 crore, with a net debt-to-equity ratio of 0.2.
- Consolidated Performance:
- Net revenue: ₹9,907 crore, up 8.5% YoY.
- EBITDA: ₹1,208 crore, down 3.1% YoY.
- PAT: ₹654 crore, down 5.3% YoY.
Financial Overview:
Jindal Stainless recorded 15% YoY growth in total sales volume, with domestic sales increasing by 20% YoY, offsetting a 22% decline in exports. The company’s EBITDA margin declined due to pressure from low-priced imports and declining global stainless steel prices.
The Board of Directors also declared an interim dividend of ₹1 per equity share, with the record date set for February 8, 2025. The dividend is scheduled to be paid on or before February 27, 2025.
Outlook:
The company remains optimistic about growth, leveraging its strong domestic market presence and tailored OEM solutions. However, subsidized imports and weak export demand continue to put pressure on profitability.
