Jindal Steel & Power Ltd's Q3FY25 Quarter Results
- 31 Jan 2025
Result Summary
- Jindal Steel & Power Ltd reported a 4.7% 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 0.3%.
- Its expenses for the quarter were up by 5.4% QoQ and 7.8% YoY.
- The net profit increased 10.5% QoQ and decreased 50.7% YoY.
- The earnings per share (EPS) of Jindal Steel & Power Ltd stood at 9.4 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 11777.05 | 11248.14 | 11736.40 | 4.7% | 0.3% |
Total Expenses | 10577.71 | 10034.87 | 9809.57 | 5.4% | 7.8% |
Profit Before Tax | 1199.34 | 1213.27 | 1926.83 | -1.1% | -37.8% |
Tax | 248.54 | 352.80 | -1.04 | -29.6% | -23998.1% |
Profit After Tax | 950.88 | 860.47 | 1927.99 | 10.5% | -50.7% |
Earnings Per Share | 9.40 | 8.50 | 19.20 | 10.6% | -51.0% |
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 Steel & Power Ltd (JSPL) is a leading Indian steel manufacturer and power producer. The company operates in the steel, power, mining, and infrastructure sectors, providing a wide range of products including iron, sponge iron, ferro alloys, and various types of steel products. JSPL has a significant presence in India and operates several steel plants across the country. The company is known for its integrated operations from mining to manufacturing, which supports its major steel production processes. Recently, JSPL has been focusing on expanding its production capabilities and enhancing operational efficiencies to meet the growing demand in the domestic and international markets.
Revenue
In the third quarter of the fiscal year 2025 (Q3FY25), Jindal Steel & Power Ltd reported a total income of ₹11,777.05 crores. This represents an increase of 4.7% from the previous quarter (Q2FY25), where the total income was ₹11,248.14 crores. Compared to the same quarter in the previous fiscal year (Q3FY24), the total income shows a modest increase of 0.3% from ₹11,736.40 crores. This quarter-over-quarter growth reflects a positive trend in revenue generation, though the year-over-year comparison suggests a relatively stable revenue performance.
Profitability
Profitability for Jindal Steel & Power Ltd in Q3FY25 shows a nuanced picture. The company reported a profit before tax of ₹1,199.34 crores, which is a slight decline of 1.1% from Q2FY25, where it was ₹1,213.27 crores. Year-over-year, profit before tax decreased significantly by 37.8% from ₹1,926.83 crores in Q3FY24. The profit after tax for Q3FY25 stood at ₹950.88 crores, marking a 10.5% increase from the previous quarter's ₹860.47 crores but a substantial drop of 50.7% from ₹1,927.99 crores in the same quarter last year. The tax expense in Q3FY25 was ₹248.54 crores, showing a decrease of 29.6% from Q2FY25 and highlighting a significant change from Q3FY24, where a nominal tax credit was reported.
Operating Metrics
Key operating metrics for Jindal Steel & Power Ltd include earnings per share (EPS), which was reported at ₹9.40 for Q3FY25. This is an improvement of 10.6% from ₹8.50 in Q2FY25. However, when compared to Q3FY24, where the EPS was ₹19.20, there is a notable decrease of 51.0%. Total expenses for the company in Q3FY25 were ₹10,577.71 crores, reflecting an increase of 5.4% from the previous quarter's ₹10,034.87 crores and a 7.8% rise from ₹9,809.57 crores in Q3FY24. This data indicates an upward trend in operating expenses over both the quarterly and annual periods.
