Jindal Stainless Sees Profits Surge by 18% in Latest Quarter: A Detailed Financial Overview
Jindal Stainless reported an 18% rise in net profit to Rs 590 crore for Q4 FY25 due to exceptional items, despite an annual profit drop. The revenue grew by 8% to Rs 10,198 crore. Exports improved, but imports from China and Vietnam continue to challenge the Indian market.
- Country:
- India
Jindal Stainless has announced an 18% increase in its consolidated net profit, reaching Rs 590 crore in the March quarter of FY25. This performance was primarily attributed to one-time gains from two exceptional items.
The company's profit in the comparable Q4 period of the previous fiscal year was Rs 501 crore. The net revenue witnessed an 8% boost to Rs 10,198 crore compared to Rs 9,454 crore the previous year. However, the annual profits for FY25 slipped to Rs 2,500 crore, down from Rs 2,693 crore in FY24.
The board recommended a Rs 2 per share dividend for FY25. On the earnings call, JSL's MD highlighted the rise due to dividends from JUSL and a stake sale in Jindal Coke. Export demand, particularly to the US and EU, was on the rise, though imports from China and Vietnam posed significant challenges.
(With inputs from agencies.)
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