Jindal Saw Limited has informed the Exchange about General Updates
JINDALSAW · price
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Awaiting price reaction for this filing.
Jindal Saw reported Q4 FY25 standalone revenue of Rs 44,495 million, down 11% YoY, while full-year revenue stayed nearly flat at Rs 1,81,777 million. FY25 standalone PAT grew 16% YoY to Rs 18,744 million, with EBITDA margin expanding to 19.0% from 17.7% in FY24. On a consolidated basis, FY25 EBITDA rose 2% to Rs 35,482 million but PAT fell 8% to Rs 14,580 million, weighed by a Rs 1,564 million Jindal ITF write-off and a tax impact. The order book remained healthy at ~US$ 1,328 million (pipes ~$1,322 million, pellets ~$5 million), with 23% from exports, to be executed over 9-12 months. Debt was sharply reduced — standalone total debt fell to Rs 23,835 million from Rs 33,311 million in Dec'24, and the company prepaid an additional Rs 2,500 million SBI term loan in April 2025. Separately, the Delhi High Court set aside the Rs 1,891 crore arbitration award in favour of subsidiary Jindal ITF against NTPC, with an appeal pending.
Positive signals from full-year profit growth, expanding margins, and aggressive debt reduction strengthen the balance sheet and support shareholder value. However, the Jindal ITF legal setback, slower order booking citing delays in government infrastructure fund releases, and weaker Q4 sequential performance are near-term concerns. Overall, strong order book visibility and improved financial health remain supportive of the stock.