Shares of Jindal Saw surged 5% after company announced strong Q1 results with over 70% growth in net profit.
Jindal Saw reports 70.5% surge in Q1 net profit
Jindal Saw Ltd., a leading pipe manufacturing company, reported a substantial increase in net profit for the first quarter of fiscal 2025, significantly surpassing market expectations. The company’s strong financial performance was driven by higher revenues and improved operating margins.
Key Financial Highlights:
– Net Profit: The company’s net profit rose by 70.5% year-on-year, reaching Rs 416 crore for the quarter ended June 2024. This marks a notable increase from Rs 244 crore in the same period last year and exceeds the Rs 371.4 crore forecasted by analysts.
– Revenue: Jindal Saw Ltd. reported a 12% year-on-year growth in revenue, totaling Rs 4,939 crore for the quarter. This was below the analysts’ projection of Rs 5,517.8 crore.
– EBITDA: Operating income, measured as earnings before interest, taxes, depreciation, and amortisation (EBITDA), increased by 38.2% to Rs 840 crore. The EBITDA margin improved to 17%, up from 13.8% in the previous year.
Financial Summary:
|
Metric |
Q1 FY 2024-25 |
Q1 FY 2023-24 |
Change (%) |
|
Net Profit (Rs crore) |
416 |
244 |
70.5% |
|
Revenue (Rs crore) |
4,939 |
4,408.9 |
12% |
|
EBITDA (Rs crore) |
840 |
608 |
38.2% |
|
EBITDA Margin (%) |
17 |
13.8 |
– |
Market Reaction on Jindal Saw:
As of 9:15 AM the shares of Jindal Saw were trading 4.53%higher at ₹629.00 on NSE.
