Jindal Stainless Ltd's Q3FY25 Quarter Results
- 30 Jan 2025
Result Summary
- Jindal Stainless Ltd reported a 1.9% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 9.2%.
- Its expenses for the quarter were up by 1.2% QoQ and 10.3% YoY.
- The net profit increased 7.4% QoQ and decreased 5.3% YoY.
- The earnings per share (EPS) of Jindal Stainless Ltd stood at 8 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 10006.41 | 9823.88 | 9166.42 | 1.9% | 9.2% |
Total Expenses | 9101.90 | 8989.61 | 8249.59 | 1.2% | 10.3% |
Profit Before Tax | 904.51 | 834.27 | 916.83 | 8.4% | -1.3% |
Tax | 235.73 | 224.85 | 225.61 | 4.8% | 4.5% |
Profit After Tax | 654.27 | 609.42 | 691.22 | 7.4% | -5.3% |
Earnings Per Share | 8.00 | 7.40 | 8.40 | 8.1% | -4.8% |
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 Stainless Ltd is one of India's leading manufacturers of stainless steel products. The company operates within the metals and mining industry, focusing primarily on producing a comprehensive range of stainless steel products, including flat products, long products, and utility products. Jindal Stainless serves various sectors, including automotive, infrastructure, consumer goods, and construction. The company is known for its significant contribution to the stainless steel industry in India, coupled with a well-established global presence. Recent developments include strategic expansions and collaborations to enhance production capabilities and market reach, although specific recent developments are not detailed here.
Revenue
During the third quarter of the fiscal year 2025, Jindal Stainless Ltd reported a total income of ₹10,006.41 crores. This represents a quarter-over-quarter increase of 1.9% from ₹9,823.88 crores in the previous quarter, Q2FY25, and a year-over-year increase of 9.2% from ₹9,166.42 crores in Q3FY24. The growth in total income reflects the company's ability to enhance its revenue streams over both the quarterly and annual periods. The positive growth trend is consistent with the company's strategic focus on expanding its market share and production capacity in the stainless steel industry.
Profitability
The profitability metrics for Jindal Stainless Ltd in Q3FY25 show a mixed performance. The company recorded a profit before tax of ₹904.51 crores, which represents an 8.4% increase quarter-over-quarter from ₹834.27 crores in Q2FY25 but a slight year-over-year decline of 1.3% from ₹916.83 crores in Q3FY24. The profit after tax stood at ₹654.27 crores, marking a 7.4% increase compared to the previous quarter's ₹609.42 crores, although it decreased by 5.3% compared to the same quarter last year, where it was ₹691.22 crores. Earnings per share for Q3FY25 were ₹8.00, showing growth from ₹7.40 in Q2FY25 but a decline from ₹8.40 in Q3FY24. These figures highlight the company's efforts in maintaining its profitability amidst fluctuating industry conditions.
Operating Metrics
The operating metrics for Jindal Stainless Ltd indicate a steady increase in total expenses, amounting to ₹9,101.90 crores in Q3FY25. This marks a 1.2% increase from ₹8,989.61 crores in the previous quarter and a 10.3% rise from ₹8,249.59 crores in Q3FY24. The tax expenses also saw a rise to ₹235.73 crores in Q3FY25, up by 4.8% from ₹224.85 crores in Q2FY25 and a 4.5% increase from ₹225.61 crores in Q3FY24. Despite these increases, the company managed to achieve a higher profit before tax on a quarter-over-quarter basis, demonstrating effective cost management strategies. The data reflects the ongoing operational adjustments and cost control measures implemented by Jindal Stainless Ltd in its pursuit of sustaining its financial performance.
