Jindal Stainless Limited has informed the Exchange regarding Outcome of Board Meeting held on May 08, 2025.
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On the reaction day the stock moved 0.6 pts less than Nifty Midcap 150 and 0.8 pts less than its Iron & Steel peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Jindal Stainless Limited's Board, at its May 8, 2025 meeting, approved audited standalone and consolidated financial results for FY ended March 31, 2025, with auditors issuing an unmodified opinion. Standalone FY25 revenue from operations rose to Rs. 40,181.68 crore (vs Rs. 38,356 crore in FY24), while net profit grew to Rs. 2,711.19 crore (vs Rs. 2,530.69 crore). Q4 FY25 was particularly strong, with profit of Rs. 924.94 crore nearly doubling from Rs. 476.36 crore in Q4 FY24, partly aided by an exceptional gain of Rs. 151.55 crore from the divestment of the remaining stake in Jindal Coke. The Board recommended a final dividend of Rs. 2 per equity share (face value Rs. 2), taking total FY25 dividend to Rs. 3 per share (including Rs. 1 interim already paid in January 2025). Additionally, M/s. Vinod Kothari & Company was appointed as Secretarial Auditor for a five-year term starting FY25-26, subject to shareholder approval at the 45th AGM.
Shareholders stand to receive a total dividend of Rs. 3 per share for FY25, subject to AGM approval. The sharp jump in Q4 profitability and steady full-year revenue and earnings growth signal operational strength, which should be supportive of the stock, though the headline profit figure is boosted by a one-time exceptional gain from the Coke unit divestment.