Jindal Saw Q3 FY25 Results: Revenue declines 6.8% YoY to Rs 5271.3 crore, Net Profit drops 6.4%

Jindal Saw Limited announced its financial results for the quarter ended December 31, 2024, reflecting a year-on-year (YoY) decline in revenue and profitability.

Key Financial Highlights:

  • Revenue from Operations: ₹5,271.3 crore, a decline of 6.8% YoY compared to ₹5,656.1 crore in Q3 FY24. Sequentially, revenue dropped 5.4% from ₹5,571.9 crore in Q2 FY25.
  • Total Income: ₹5,293.3 crore, down 7.1% YoY from ₹5,696.4 crore in Q3 FY24.
  • Net Profit: ₹479.4 crore, a decrease of 6.4% YoY from ₹512.4 crore in Q3 FY24, and a 0.9% QoQ increase from ₹475.3 crore in Q2 FY25.

Operational Highlights:

  • Total Expenses: ₹4,655.4 crore, down 3.8% YoY from ₹4,995.6 crore in Q3 FY24, driven by lower material costs and inventory adjustments.
  • EBITDA: Margins remained under pressure due to a challenging demand environment, despite cost management efforts.
  • Tax Expense: ₹165.9 crore, reflecting a reduction from ₹187.3 crore in Q3 FY24.

Segment Performance:

Jindal Saw Limited encountered subdued demand in its key operational sectors. The company continued focusing on cost optimization and operational efficiency to combat revenue pressures.

Outlook:

Despite the short-term challenges, the management remains optimistic about the future, aiming to strengthen its market presence through enhanced product offerings and operational improvements.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. Always conduct your own research or consult a financial advisor before making investment decisions.