Jai Balaji Industries Ltd Secures Positive Growth in Q3 & 9MFY25 Financial Results
Kolkata, 12th February 2025: Jai Balaji Industries Ltd., (BSE Code – 532976, NSE Code – JAIBALAJI) An Integrated Steel Products company, has announced its Q3 and 9MFY25 results.
Key Financial Highlights for 9M-FY-25
• Revenue from operations for the 9MFY25 increased to Rs. 4761.27 crores.
• EBITDA grew to Rs. 733.88 crores in 9MFY25 and the EBITDA margin increased to 15.41 %.
• PBT increased to Rs. 669.65 crores in 9MFY25 and the PBT margin stood strong at 14.06%.
Key Financial Highlights for Q3-FY-25
• Revenue from operations for the Q3FY25 stood at Rs. 1486.39 crores.
• EBITDA was Rs. 189.90 crores in Q3FY25 and the EBITDA margin was 12.77 %.
• PBT was Rs.169.62 crores in Q3FY25 and the PBT margin was 11.41%.
Milestones Reaffirmed
- Ongoing Capex of the company to the extent of Rs.1000 crore has been on schedule as envisaged.
- In order to increase the liquidity of its stock, the company had announced sub-division/split of its equity share of face value Rs.10/- each paid up into 5 equity shares of face value of Rs.2 each. On and from the record date on 17th January, 2025, each equity share of face value of Rs. 10/- (rupees ten only) each, fully paid-up, has been sub-divided into 5 (five) equity shares of face value of Rs 2/- (rupees two only) each, fully paid-up, ranking pari-passu in all respects.
Mr. Sanjiv Jajodia, Whole-time Director & Chief Financial Officer said: “We are pleased to report that Jai Balaji has maintained healthy performance on a year to date basis, amidst challenging market dynamics. On QoQ basis there has been a decline owing to lower production and sales realizations of some of the finished steel products. We are very optimistic for the last quarter of FY25, owing to get better results on the strategic capex done by the company on its value added products. We continue to be focused on the value chain comprising of DI Pipes and Ferro Alloys, which shall continue to contribute more in the topline as well as bottom line of the company.
Despite the complexities of the global operating environment and the pressure on commodity prices due to China’s macroeconomic trends, our strategic focus on value-added products and operational efficiencies has enabled us to navigate these challenges effectively. We remain committed to leveraging our strengths to drive sustainable growth and meet the evolving demands of both domestic and international markets.”
