Jindal Saw Ltd's Q3FY25 Quarter Results
- 25 Jan 2025
Result Summary
- Jindal Saw Ltd reported a 5.5% 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 7.1%.
- Its expenses for the quarter were down by 6.3% QoQ and 6.8% YoY.
- The net profit increased 0.9% QoQ and decreased 6.3% YoY.
- The earnings per share (EPS) of Jindal Saw Ltd stood at 7.9 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 5293.25 | 5602.30 | 5696.76 | -5.5% | -7.1% |
Total Expenses | 4655.39 | 4966.13 | 4996.77 | -6.3% | -6.8% |
Profit Before Tax | 637.86 | 636.17 | 699.99 | 0.3% | -8.9% |
Tax | 165.88 | 167.65 | 187.24 | -1.1% | -11.4% |
Profit After Tax | 479.38 | 475.31 | 511.68 | 0.9% | -6.3% |
Earnings Per Share | 7.90 | 7.80 | 16.70 | 1.3% | -52.7% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Jindal Saw Ltd is a prominent player in the manufacturing sector, primarily known for its production of pipes and tubes, which are critical in various industrial applications including petroleum, water, and gas transportation. The company operates within the broader steel industry, which is pivotal for infrastructural development. Jindal Saw Ltd is part of the larger Jindal Group, which has a diverse portfolio of operations spanning across various sectors such as power, mining, and infrastructure. As of the data available up to October 2023, there have been no specific major developments mentioned for the company. However, it is significant to note that the steel and manufacturing sectors have faced challenges due to fluctuating raw material costs and changes in demand patterns.
Revenue
During the third quarter of the fiscal year 2025 (Q3FY25), Jindal Saw Ltd reported a total income of ₹5293.25 crores. This represents a decrease of 5.5% compared to the previous quarter (Q2FY25), where the total income was ₹5602.30 crores. Additionally, on a year-over-year basis, there was a 7.1% decline from Q3FY24, where the total income stood at ₹5696.76 crores. The revenue trend indicates a contraction in the company’s total income over both the quarterly and annual periods, reflecting possible challenges in maintaining the previous levels of income generation.
Profitability
For Q3FY25, Jindal Saw Ltd recorded a profit before tax (PBT) of ₹637.86 crores, showing a marginal increase of 0.3% from the previous quarter’s PBT of ₹636.17 crores. However, when compared to the same quarter in the previous year (Q3FY24), there was an 8.9% reduction from ₹699.99 crores. The profit after tax (PAT) for Q3FY25 was ₹479.38 crores, slightly up by 0.9% on a quarter-over-quarter basis from ₹475.31 crores in Q2FY25, but down 6.3% year-over-year from ₹511.68 crores in Q3FY24. Earnings per share (EPS) were ₹7.90, reflecting a 1.3% quarterly increase from ₹7.80, yet a significant decrease of 52.7% from the previous year’s Q3 EPS of ₹16.70. These figures demonstrate a stable profit performance despite a notable annual decline.
Operating Metrics
In the third quarter of fiscal year 2025, Jindal Saw Ltd's total expenses were ₹4655.39 crores, which is a reduction of 6.3% from the previous quarter’s expenses of ₹4966.13 crores. Compared to the same quarter the previous year (Q3FY24), expenses decreased by 6.8% from ₹4996.77 crores. The tax outlay for Q3FY25 was ₹165.88 crores, marking a slight decrease of 1.1% from the prior quarter and an 11.4% decrease from Q3FY24. These changes in expenses and tax suggest efficient cost management over the quarter and year, aligning with the overall trends in profitability despite a decrease in revenue.
