Jindal Saw Limited has informed the Exchange about Presentation
JINDALSAW · price
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Awaiting price reaction for this filing.
Jindal Saw reported FY25 standalone revenue of Rs 1,81,777 million (flat YoY) with EBITDA up 7% to Rs 34,558 million and PAT rising 16% to Rs 18,744 million, pushing PAT margin to 10.3% from 8.9% last year. Q4 standalone was weak on a YoY basis with revenue down 11% to Rs 44,495 million and EBITDA down 12% to Rs 8,563 million. Consolidated Q4 PAT crashed 82% to Rs 869 million due to a Rs 1,564 million Jindal ITF write-off and a deferred tax reversal of Rs 2,353 million in FY25. The order book stands at ~$1,328 million (pipes and pellets) with 23% from exports, to be executed over 9-12 months, though management flagged slower order booking due to delays in government infra fund releases. Total standalone debt was sharply reduced from Rs 33,311 million in Dec'24 to Rs 23,835 million in Mar'25, and the company prepaid an additional Rs 2,500 million SBI term loan in April 2025.
Strong FY25 margin expansion and aggressive debt reduction are positives for shareholders, but the steep Q4 consolidated profit drop on one-off ITF write-offs and slow order inflows from delayed government projects are near-term concerns. Stock may react to the underlying FY25 margin improvement and balance sheet strengthening rather than the noisy Q4 numbers.