Jai Balaji Industries Ltd's Q3FY25 Quarter Results
- 12 Feb 2025
Result Summary
- Jai Balaji Industries Ltd reported a 4.7% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a decline of 3.7%.
- Its expenses for the quarter were down by 2.3% QoQ and up 0.5% YoY.
- The net profit decreased 21.4% QoQ and decreased 48.7% YoY.
- The earnings per share (EPS) of Jai Balaji Industries Ltd stood at 1.3 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 1503.90 | 1578.52 | 1562.43 | -4.7% | -3.7% |
Total Expenses | 1334.28 | 1365.78 | 1327.83 | -2.3% | 0.5% |
Profit Before Tax | 169.62 | 212.74 | 234.60 | -20.3% | -27.7% |
Tax | 49.20 | 59.58 | 0.00 | -17.4% | - |
Profit After Tax | 120.42 | 153.16 | 234.60 | -21.4% | -48.7% |
Earnings Per Share | 1.30 | 8.40 | 13.20 | -84.5% | -90.2% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Jai Balaji Industries Ltd is a prominent entity in the steel manufacturing sector, primarily engaged in the production of various steel products. The company specializes in manufacturing sponge iron, pig iron, ferro alloys, and long steel products. As a key player in the steel industry, Jai Balaji Industries serves numerous sectors, including construction, infrastructure, and engineering. The company aims to leverage its manufacturing capacities to meet the growing demand for steel in domestic and international markets. Any recent major developments related to Jai Balaji Industries are not available in the data provided.
Revenue
In the third quarter of the fiscal year 2025 (Q3FY25), Jai Balaji Industries Ltd reported a total income of ₹1503.90 crores. This represents a decrease of 4.7% compared to the preceding quarter (Q2FY25), where the total income was ₹1578.52 crores. Compared to the same quarter in the previous fiscal year (Q3FY24), where total income was ₹1562.43 crores, there was a year-over-year decline of 3.7%. These figures reflect a downward trend in revenue generation over both quarterly and annual comparisons.
Profitability
The company's profitability metrics indicate a profit before tax of ₹169.62 crores in Q3FY25, which marks a 20.3% decrease from Q2FY25's figure of ₹212.74 crores. When compared to Q3FY24, where the profit before tax was ₹234.60 crores, there is a notable year-over-year decline of 27.7%. The profit after tax for Q3FY25 stood at ₹120.42 crores, showing a reduction of 21.4% from the previous quarter's ₹153.16 crores. Year-over-year, the profit after tax decreased significantly by 48.7% from Q3FY24's ₹234.60 crores. The earnings per share also declined dramatically by 84.5% quarter-over-quarter and 90.2% year-over-year, standing at ₹1.30 in Q3FY25.
Operating Metrics
The total expenses for Jai Balaji Industries Ltd in Q3FY25 were reported at ₹1334.28 crores, a 2.3% decrease from Q2FY25, which recorded expenses of ₹1365.78 crores. However, when compared to Q3FY24, with expenses of ₹1327.83 crores, there is a slight increase of 0.5% year-over-year. The tax expense for Q3FY25 was ₹49.20 crores, decreasing by 17.4% from the previous quarter's ₹59.58 crores. Tax data for Q3FY24 is not available, indicating a significant anomaly in the year-over-year tax comparison. The data reflects substantial variances in profitability and operational efficiency, as demonstrated by shifts in income, expenses, and tax liabilities across the observed periods.
