Jai Balaji Industries Limited has informed the Exchange about Transcript
JAIBALAJI · price
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Jai Balaji Industries shared Q4 and FY25 results, reporting a resilient performance despite government order slowdown. FY25 EBITDA margin was 14%, with ROE of 26%. The company significantly reduced net term debt from INR871 crore in FY23 to INR221 crore in FY25, with net debt-to-EBITDA at 0.25 versus earlier guidance of 0.6. DI Pipe capacity was expanded from 3 lakh to 5.04 lakh tons, with plans to reach 6 lakh tons by FY26 end. Management guided FY26 revenue growth of 25-30%, EBITDA margins of 16-17%, and DI Pipe production exceeding 4 lakh tons, expecting a rebound in government spending post-budget. The company also announced a small foray into OPVC pipes (less than INR100 crore investment) as a trial expansion. Capex guidance for FY26 is INR175 crore, fully funded through internal accruals.
Positive for shareholders — management's strong debt reduction (75% cut in 2 years) and clear FY26 growth guidance signal balance sheet strength and confidence in demand recovery. However, near-term pressure on realizations (5-6% lower Q-on-Q) and working capital build-up may keep margins and cash flows tight in Q1FY26.