Kolkata, 11 th 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%.
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 realisations 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 top line 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.
About Jai Balaji Industries Ltd (BSE Code – 532976; NSE Code – JAIBALAJI)
Jai Balaji Industries Ltd. is a leading fully integrated steel company with focus on specialized products like Ductile Iron Pipes (DI Pipes) and special-Grade Ferro Alloys. The Company is one of the largest steel manufacturers in the private sector in Eastern India having four integrated steel manufacturing units present across West Bengal and Chhattisgarh. It was the 1st Company in West Bengal to set up Sponge Iron, Waste Heat Recovery Power Plants.
The Company has a diversified product portfolio that includes specialized products like DI Pipes and Special-grade Ferro Alloys and other products like Sponge Iron, Pig Iron, Steel Billets, TMT Bars, Sinter, Coke, and Power. It is the major producers of special-grade Ferroalloys in India and has been exporting to major countries across the globe. It
has been awarded 3 – Star Export House Status by the Govt. of India.
Low cost capacity expansion plans, healthy balance sheet, cost reduction strategies, focus on specialized products
and experienced management augurs well for the growth of Jai Balaji Industries Ltd.
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Contact Information for Media Inquiries
Jai Balaji Industries Ltd.
Mr. Ajay Kumar Tantia – atantia@jaibalajigroup.com
-OdishaAge
